FedEx Ground Package System, Inc.

5115 Dylan Drive - South Bend Indiana 46628

LTV (Loan to Value)	65.00%	Current NOI	$1,004,978.00
Interest Rate	4.250%	Capital Rate	5.750%
Fixed Term	10 Years	Land Area	29.81 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$11,360,621.35	Property Type	Industrial
Payment	$61,544.81	Property Lease	Warehouse/Distribution
Bulding Size	208,361 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors the opportunity to acquire the fee simple interest in the land and building of a single tenant industrial facility located in South Bend, Indiana. The Property consists of 29.81 acres and a 208,361 square foot warehouse that is currently under construction for the exact specifications of the Tenant and will be completed in Q4 2015 with a rent commencement scheduled in October 2015. The base lease term is for fifteen (15) years and landlord responsibility is limited to roof and structure. Annual rent at commencement will be $1,004,978 with a fifteen percent (15%) bump in conjunction with the exercise of its first option and a five percent (5%) bump in conjunction with the exercise of its second five year option. FedEx Ground Package System, Inc. is the highest yielding, most profitable and fastest growing of the four FedEx Corp. (NYSE: FDX) segments; of the four, it accounts for almost $13 billion in annual revenues and more than 57% of the parent’s total operating income. FedEx Corp., the world’s largest commerce provider, generated $47.15 billion in revenues yielding it over $2.17 billion in net income. Its net worth is in excess of $14 billion and is investment-grade credit rated by the major rating services. It holds a BBB rating with Standard & Poor’s.

Highlights

Credit – FedEx Ground Package System, Inc. is the highest yielding, most profitable and fastest growing of the four FedEx…

Property Description

As the fourth largest city in Indiana with more than 101,000 residents, South Bend is touted as one of the best college football towns in the country, according to both USA Today and Away.com. But more exists beyond the sidelines. South Bend is the county seat for St. Joseph County and the economic hub not only for the county but also for a nine-county, bi-state (Indiana and Michigan) region with nearly one million people. Locals refer to this region as Michiana. The Subject Property is located in the AmeriPlex at Interstate 80/90 – a master-planned, mixed-use development that converts 450 acres into a central node of residences and business. At the forefront of the plan is the office and light industrial component, which accounts for 200 of the total site's acreage. AmeriPlex at Interstate 80/90 offers a very convenient location and easy access to a population of nearly three quarters of a million within a 30 mile radius.