FedEx Ground

Missouri City, TX

Price $38,000,000
Cap Rate 5.50%
Property Type Industrial 
Property Use Warehouse
Lease Type NN
Remaining Term 15 yrs
Building Size +/- 303,335 SF
Current NOI $2,090,000


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Fedex Ground Logo.png


Credit

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 2015, FedEx Corp., generated $47.4 billion in sales, a net income of $2.57 billion and a net worth in excess of $15 billion. The FedEx brand is well received by the single tenant net lease buying community.

Lease Economics

With fifteen years of lease term remaining and a very landlord-friendly lease structure, prospective investors will have stable and secure investment income for years to come.

Construction Quality

The property is a brand new, institutional quality, structural concrete tilt up distribution facility.

Long-Term Commitment

The Property was built-to-suit on behalf of the tenant to fit its needs for strategic growth within this target market evidencing a long-term commitment to the site and the area.

Paramount Houston Suburban Industrial Location

As a center of many industries, including oil and gas, international trade, technology, healthcare, real estate, and manufacturing, the Houston metropolitan region is one of the most important economic regions in the world. The subject property submarket boasts a 95%+ occupancy rate with average rental rates exceeding $7.00 per square foot.

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Location Overview

Houston is a city and the county seat of Harris County in the state of Texas. It is the most populous city in Texas and the fourth most populous city in the United States. As of January 2015, the city of Houston population was 2,223,310. Houston is the main component of the Houston-Sugar Land-The Woodlands Metropolitan Statistical Area, a nine-county metropolitan area defined by the Office of Management and Budget. It is located along the Gulf Coast region in the U.S. state of Texas. The metropolitan area is colloquially referred to as “Greater Houston” and is situated in Southeast Texas. Houston–The Woodlands–Sugar Land is the fifth-largest metropolitan area in the United States and the second-largest in Texas with a 2015 estimated population of 6,662,047.


Relative to other major U.S. markets, Houston continues to display solid fundamentals with projected positive growth that outperforms the nation. The city has one of the strongest economies in the country, derived from the city’s ability to retain its position as the center of the world’s energy industry, maintain conservative construction levels, diversify its economic base, and enjoy rising employment and continuous population growth. Offering an unsurpassed pro-business environment, Houston is one of the least-expensive major cities to conduct business in and features a stable, yet dynamic economy.


This economy is rooted in a broad industrial base in sectors such as energy, manufacturing, healthcare, aeronautics and transportation. The Greater Houston Partnership estimates the Gross Area Product (GAP) at $504.6 billion, and the GDP is listed at $525 billion as of 2014, making it the fourth-largest MSA in GDP.

Location Overview

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Jim Gibson
Regional Director
[email protected]
TX License# 392926 

Marc Peeler
Associate
[email protected]

Jason Marshall
Analyst
[email protected]



Todd Moore
Associate Director
[email protected]

Jaime Patteson
Research Analyst
[email protected]

 

Stan Johnson Company 

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