FedEx Ground

Rogers, Minnesota

Price $47,362,244
Cap Rate 5.75%
Property Type Industrial 
Property Use Warehouse
Lease Type NN
Remaining Term 14+ yrs
Building Size +/- 313,553 SF
Current NOI $2,723,329


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Credit Tenant

FedEx Ground is a subsidiary of the world’s largest commerce provider, FedEx Corp, and its parent has an investment grade credit rating of BBB from Standard and Poor’s. In 2014, FedEx Corp. generated $47.17 billion in sales, a net income of $2.53 billion and it has a net worth in excess of $16 billion.

Long-Term Lease

The subject Property features a fifteen (15) year lease which commenced June 1, 2015.

Recent Construction

Construction on the subject Property was completed in June 2015.

Attractive Lease Options

The subject Property features two (2), five (5) year options.

Rare Rent Increases

Three (3) percent increases every five (5) years in the base term.

Tremendous Visibility and Strong Surrounding Tenants

The subject Property features direct access of Interstate 94 (95,000 VPD). Major nearby tenants include a Walgreens Distribution Center, Target, McDonald’s, Burger King, Kohl’s and many more.


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Location Overview

Rogers is a city in Hennepin County, Minnesota. The population was 8,597 at the 2010 census. However, the population increased to over 11,000 upon the annexing of surrounding Hassan Township in 2012. The population of Hassan Township was 2,600 in 2010, giving the current city a population base of 11,197 as of the census. The center of population of Minnesota is located in Rogers. The city is a northwest suburb of the Minneapolis–Saint Paul metropolitan area.

Located on either side of Interstate 94, with Minnesota State Highway 101 running north, Rogers has been teeming with growth for the past 20 years. The 2000-2010 (8,597) population growth rate was +139.6%. In 2013, Bloomberg BusinessWeek named Rogers the “Best Place to Raise Kids in Minnesota”.

Minneapolis is the county seat of Hennepin County, and larger of the Twin Cities, the 14th-largest metropolitan area in the United States, containing approximately 3.8 million residents. As of 2014, Minneapolis is the largest city in the state of Minnesota and 46th-largest in the United States with 407,207 residents. Minneapolis and Saint Paul anchor the second-largest economic center in the Midwest, behind Chicago.

Location Overview

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Jim Gibson
Regional Director
[email protected]

Marc Peeler
Associate
[email protected]

Jaime Patteson
Research Analyst
[email protected]



In association with
Ken Hedrick, MN Lic #40346957

Todd Moore
Associate Director 
[email protected]

Jason Marshall
Analyst
[email protected]

Stan Johnson Company Houston

10333 Richmond Avenue, Suite 740
Houston, TX 77042
Ph: 832-476-3440


stanjohnsonco.com

CIty, ST
Price | Cap Rate

CIty, ST
Price | Cap Rate

CIty, ST
Price | Cap Rate