loader
Join Free
Zeekin

FedEx Express

8923 Oil Avenue, Williston, ND 58801

$6,947,600

Cap Rate 5.25%

Views: 153 DOM: 711 Updated: 09.10.24 Posted: 01.10.23 Status: Active

Summary

Price $6,947,600
Built/Renov 2017
Tenant FedEx Express
Cap Rate 5.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 23,290
Lease Start 11-13-2017
#Units 2,150
Price/SF $298.31
Expiration 11-30-2032
Tenant Type Industrial
NOI $364,752
R. Term 7.11
Ownership Fee Simple
Rent/SF $15.66
Increases 3.0%/6/yrs
Pop 5Mi 7,921
Lot/AC 2.30
Options 3/5yrs/3%
AHHI 5Mi $74,138

Deno Bistolarides
ENCORE Real Estate Investment Services
Contact

Lease Highlights

  • FedEx Express is original tenant, build-to-suit facility (2017)
  • Tenant has more than 9 years remaining on initial term with 3 (5-year) options to extend
  • Lease equipped with a rental Increases every 5 years and at the beginning of each option period
  • Corporate guaranteed by FedEx Corporation (S&P: BBB)

Location Description

This 23,290 square foot build-to-suit facility for FedEx Corporation is positioned along Oil Ave. in Williston, North Dakota. The site benefits from being adjacent to an additional Fed-Ex ship center and has easy access to US Route 2, and major thoroughfare in the area. The subject property was built to take advantage of the strong growth occurring in the area. It is close to CanAm Highway...

...

Key Features

  • Build to suit

  • Highway close

  • Business growth area

  • Population increase trend

  • Long 10+ yr lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • Over 1000 units backed

    • ...

Links

FedEx Express Wikipedia FedEx Express Wikipedia Williston, North Dakota Zip Code: 58801 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: FedEx Express
  • Guarantor:Corp T and Rated
  • Company:FedEx Corporation
  • # Units:2,150
  • Tenant S&P: BBB
  • Moody’s: Baa2
  • Stock: NYSE: FDX

About 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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2027 Total Population : 342 3,068 22,335
2022 Total Population : 360 3,199 22,050
2022 Employed Civilian Pop : 186 1,595 11,360
2022 Total Businesses : 40 203 734
2022 Average Household Income : $ 120,110 $ 139,121 $ 132,621
2022 Total Consumer Spending : $ 14 M $ 150 M $ 1021 M
2022 Median Age : 34 38 38
2022 Total Households : 138 1,239 8,863
2022 Pop Age 25+: Bachelor's Degree : 51 368 2,876
2022 Average Home Value : $ 272,368 $ 368,905 $ 307,862
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
2015 1,595 0.54 mi
136th Ave NW 56th St NW 2015 12,755 0.56 mi
136th Ave NW 56th St NW 2015 12,795 0.57 mi
136th Ave NW 56th St NW 2015 12,785 0.58 mi
136th Ave NW 56th St NW 2015 12,260 0.59 mi
56th St NW 136th Ave NW 2015 1,835 0.62 mi
136th Ave NW 56th St NW 2015 12,575 0.64 mi
56th St NW 136th Ave NW 2015 180 0.72 mi
136th Ave NW 56th St NW 2015 13,555 0.73 mi
57th St NW 135th Ave NW 2014 4,450 0.90 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity