This property is Off-Market
4201 Gold Core Drive
Grand Island, NE 68803 ·
26,151 SF · Industrial For Sale
|Building Size||26,151 SF||Tenancy||Single|
|Property Type||Industrial||Year Built||2008|
|No. Dock-High Doors/Loading||7|
|Property Use Type||Net Lease Investment with 10+ years left on lease||No. Drive In / Grade-Level Doors||12|
|Cap Rate||8.34%||Lot Size||5.38 SF|
|Listing ID: 16215991||Date Created: 04/29/2009||Last Updated: 10/06/2009|
This beautiful new 26,151 square foot distribution center provides a premier opportunity for an investor to acquire a new strategically located industrial property in a key market for FedEx. Built-to-suit for FedEx Ground on 5.38 acres, the property is located in Grand Island, Nebraska right off I 80. Situated 150 miles southwest of Omaha and 95 miles west of Lincoln, FedEx recognizes the property and location as a key to sustaining their long term growth in the region. FedEx was instrumental in both the design and the location of the facility, plus the site was developed with room for a 7,613 square foot expansion and should service the Grand Island area and surrounding market well into the future. Situated in Grand Island with a three-county population of 71,000, this is a primary sorting operation for FedEx in the area, with shipments arriving via ground transportation then being disbursed to the market.
The initial double net lease term commenced October 1, 2008 and will have a term of 10 years expiring in September 30, 2018. FedEx has the option to extend the lease with two five-year renewal options.
FedEx Ground chose Grand Island, Nebraska for this facility because of its ability to serve western Nebraska, and its proximity to the Lenexa, Kansas hub (300 miles). Located in the center of the State, Grand Island is accessible to traffic from Interstate 80, US Highways 281, 30, and 34, and Nebraska Highway 2, as well as the Central Nebraska Regional Airport. It is known as the retail hub of central Nebraska, offering lodging, dining, shopping, entertainment, service programs, and information to the 30-plus rural communities in all directions from Grand Island. Grand Island is the fourth largest city in Nebraska, with an estimated population of 45,000. The community also serves residents in much of rural Nebraska including an area of over 20,000 square miles with an estimated population of over 200,000. Incorporated in 1872, Grand Island has a rich history reflected today in the stability of the community and the outstanding quality of life for its residents. More than 90 manufacturing plants provide jobs for over 7,000 people, drawing from a rural population base of talented and diverse workers.
- Well Located 26,151 SF Build-to-Suit Facility on 5.38 Acres
- New 10-Year NN Lease with FedEx Ground Commenced October of 2008
- Ability to Expand the Facility by Additional 7,613 SF Providing Favorable Upside For Investor
- Investment Opp. at a Favorable 8.34 Percent Cap w/ Exc. Corp., Location and Long-Term Lease
- Minimal Landlord Responsibility - Facility Operated by FedEx
- Good, Stable Mid-American Market 150 Miles Southwest of Omaha Along I-80
- Fenced Yard
- Trailer Parking
4201 Gold Core Drive, Grand Island, NE 68803 (Hall County)
Grand Island Market Trends - Asking price index trends, sale price trends, asking rent trends
Grand Island, NE 68803
For Sale · $850,000
22,360 SF Building
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