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For Sale | Industrial Investment Property For Sale

FedEx Ground Distribution Building

1 FedEx Way
Humboldt, TN 38343
United States
Inquire About This Property
Building Size:
337,137 SF
Lot Size:
59.68 Acres
Year Built:
2022
Key Features
  • 15 Year Lease Term
  • FedEx Ground Credit
  • Dynamic Southwest Tennessee Economy
  • Many Global Brand Manufacturing Facilities in nearby Jackson
  • Memphis is the 2nd Largest Distribution Hub in the Southeast
  • Ford is Building a $5.4 Billion Plant to Assemble Electric F-150
  • Tysons is Building a New Plant Close to FedEx

Cushman & Wakefield is pleased to offer for sale a new, fully leased ±337,137 sq. ft. concrete tilt up distribution building in Humboldt, Tennessee near Jackson. The building was completed September 2022 and rent commenced September 29, 2022.

The building is fully leased to FedEx Ground Package System, Inc. (“FedEx Ground”) for 15 years with 5.00% rent increases every 5 years. The tenant is responsible for the cost of all operating expenses except for roof and structural maintenance, and repairs.

FedEx Ground is a leading shipper of small packages in North America with approximately 450 facilities in the U.S. FedEx Ground’s average daily shipping volume was 9.9 million packages per day in Fiscal Year 2022. FedEx Ground is the second largest subsidiary of FedEx Corporation (NYSE: FDX) with $33.7 Billion in annual subsidiary Revenues. FedEx Ground is the parent company’s fastest growing subsidiary. FedEx Corporation is ranked #39 in the Fortune 500 and has a S&P BBB bond rating.

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Brokers

Douglas Longyear San Francisco Executive Director
Douglas Longyear

Executive Director
San Francisco, United States
Lic #00829911

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