Sold Subscription Required
| Price $4,600,000 | Built/Renov 1986 | Tenant FedEx Ship Center |
| Cap Rate 6.06% | Lease Type
Double NN | Guarantor Corp T and Rated |
| Size/SF
37,961
| Lease Start
05-16-1985
| #Units
2,150
|
| Price/SF $121.18 | Expiration
04-30-2031
| Tenant Type Industrial |
| NOI $278,760 | R. Term 6.5 | Ownership Fee Simple |
| Rent/SF
$7.34
| Increases 10.0%/2/yrs | Pop 5Mi 233,451 |
| Lot/AC 1.00 | Options 1/5yrs | AHHI 5Mi $76,471 |
| | |
The FedEx Ship Center is strategically located on a signalized intersection of Main Street, with access to 44,000 vehicles passing by daily. There are two points of ingress/egress along Main Street, with 1 mile from US-19 (observing 119,000 VPD). The property is situated with a dedicated turn lane and separate parking areas for customers and FedEx vehicles. It's positioned in a dense retail...
...Roof guarantee
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Income tax free state
Traded and rated company
Corporate Guarantee
Investment grade tenant
FedEx Express is the world’s largest express transportation company and one of the world’s largest airlines in terms of fleet size and freight tons flown, operating more than 720 aircraft. It is...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 12,719 | 102,848 | 235,417 |
| 2023 Total Population : | 12,624 | 102,792 | 235,618 |
| 2023 Employed Civilian Pop : | 6,031 | 49,571 | 116,903 |
| 2023 Total Businesses : | 621 | 5,036 | 11,956 |
| 2023 Average Household Income : | $ 76,184 | $ 90,670 | $ 92,434 |
| 2023 Total Consumer Spending : | $ 441 M | $ 3880 M | $ 8721 M |
| 2023 Median Age : | 59 | 55 | 52 |
| 2023 Total Households : | 6,638 | 49,440 | 109,017 |
| 2023 Pop Age 25+: Bachelor's Degree : | 2,124 | 18,227 | 43,180 |
| 2023 Average Home Value : | $ 277,015 | $ 353,437 | $ 379,968 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Main St | Overcash Dr | 2011 | 40,294 | 0.06 mi |
| Main Street | Overcash Dr | 2022 | 44,000 | 0.06 mi |
| Main Street | Overcash Dr | 2021 | 44,000 | 0.06 mi |
| Virginia St | Main St | 2011 | 7,611 | 0.22 mi |
| Achieva Way | Amston Ct | 2022 | 3,000 | 0.37 mi |
| Main St | Lazy Lake Rd E | 2011 | 42,500 | 0.37 mi |
| Main St | Heather Ridge Blvd | 2010 | 44,500 | 0.44 mi |
| Keene Rd | Franklin Way | 2011 | 18,500 | 0.49 mi |
| Keene Road | Franklin Way | 2022 | 20,000 | 0.51 mi |
| Co Rd 1 | San Christopher Dr | 2011 | 26,241 | 0.53 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
