This Industrial Property is Off-Market.

7 American Woodmark Drive
Humboldt, TN 38343 ·

50,824 SF · Industrial For Sale

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FedEx Ground - Humboldt

Price N/A Cap Rate 8.15%
Building Size 50,824 SF Occupancy 100%
Property Type Industrial Tenancy Single
Property Sub-type Distribution Warehouse Lot Size 9.12 AC
Property Use Type Net Lease Investment with 10+ years left on lease Features
  • Fenced Yard
  • Sprinklers
Listing ID: 16065542 Date Created: 01/20/2009 Last Updated: 06/25/2009

Description

This new 50,824 square foot distribution center provides a premier opportunity for an investor to acquire a strategically located industrial property in a key market for FedEx. FedEx was instrumental in both the design and location of the facility, and the site was developed with room for a 9,572 square foot expansion, and should service the Jackson/Humbolt area and surrounding market well into the future. The inital double net lease commenced July 25, 2008 and has a ten year term with two, five-year renewal options. Landlord is responsible for the maintenance of the roof, underground utilities, mechanical/utility systems, and structural integrity of the property. FedEx manages the property on a day-to-day basis, with minimum landlord responsibility.

Built-to-suit for FedEx Ground on over nine acres, the property is located close to the I-40 Freeway in western Tennessee, in Humboldt, at the southwest corner of State Road 152 and US Highway 79 By-Pass. Situated just 60 miles northeast of Memphis, FedEx recognizes the property and location as key to sustaining their long-term growth in the region. Humbolt is just a few miles from Jackson and contains a MSA population of over 115,000, and growing.

Utilities

  • Fenced Yard
  • Sprinklers

Research

7 American Woodmark Drive, Humboldt, TN 38343 (Gibson County)

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