Dubois FedEx Ground
6 Industrial Drive, Du Bois, PA 15801
27,327 SF | Industrial
This is a premier opportunity for an investor to acquire a well located, low maintenance property, leased to a credit rated tenant on a brand new 10-year net lease. The property is offered at a price of $2,763,000, which represents a high 8.0% CAP rate and a price of $101 per square foot. This 27,327 SF building was recently completed (11/08) and has a built in expansion capability of 7,313 square feet. The building sits on a large 5.85 acre site within the Developac Industrial Park and has ample room for future expansions. The facility serves as a warehouse and distribution center for FedEx Ground. The lease is NNN in nature, with the landlord's responsibilities being minimalized to few items including the roof and structural integrity of the building.
Dubois is strategically located south of Buffalo, New York, east of Pittsburgh, Pennsylvania, and west of Harrisburg, Pennsylvania, roughly 2.5 hours driving time from all three cities. Dubois serves as the region' s transportation hub, with easy access to Interstate 80, Routes 219, 119, 322, and access to rail freight lines. Extremely accessible transportation routes, low labor costs, and affordable housing make Dubois an excellent location for FedEx to do business.
FedEx Ground, a subsidiary of FedEx Corporation, is the second largest small-package ground carrier in North America. The Company has a network of more than 500 distribution hubs and local pick-up and delivery terminals throughout the United States and Canada. FedEx Ground handles about 2.3 million shipments per day.
As of May 31, 2007 (fiscal year end) the parent company, FedEx Corporation (NYSE: FDX), had revenues in excess of $35 billion, a net income of approximately $2 billion, a net worth of more than $12 billion and currently has a S&P investment grade rating of BBB.