FedEx Ground

3000 Pepsi Way - Aztec (Farmington) NM 87410

LTV (Loan to Value)	65.00%	Current NOI	$391,522.00
Interest Rate	4.250%	Capital Rate	6.400%
Fixed Term	10 Years	Land Area	6.89 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$3,976,700.00	Property Type	Industrial
Payment	$21,543.30	Property Lease	Warehouse & Sorting Facility
Bulding Size	37,157 SF	Remaining Terms	9.5 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors this FedEx Ground industrial facility located in Aztec, New Mexico (the “Property”) and within the Farmington, New Mexico Metropolitan Statistical Area. The MSA encompasses a population of approximately 130,000 spread across 14 communities and 5,540 square miles. The Property lies in the Dillon Industrial Park immediately off Highway 64, which runs from Arizona to North Carolina, and U.S. Route 500 connecting Durango, Colorado and Albuquerque. To cover its served geographic area and 4.5 million packages a day, the FedEx Ground network introduced the ‘hub and spoke' model to the industry and utilizes 33 strategically-located ‘hub' facilities serving 538 distribution properties like this one. Executives attribute the firm's success to this ‘architecture' which empowers the remote Four Corners region through the Albuquerque, Denver, and Phoenix hubs serving the Property.Originally constructed in 2008 as a build-to-suit, the Property is 100% leased to FedEx Ground Systems, Incorporated (the “Tenant”) under a NN lease, and is constructed of a steel frame with metal seam roof and metal exterior. The facility was expanded by the Landlord an additional +/- 10,279 square feet in 2015 to meet the increasing needs of the Tenant, bringing the total square footage of the facility to +/- 37,157 square feet.

Highlights

The Property is 100% leased and guaranteed by FedEx Ground, the most profitable division of the FedEx Corporation, with 2015…

Property Description

Aztec is a city in and the county seat of San Juan County, New Mexico. The city is part of the Farmington MSA and the Aztec Ruins National Monument stands close to the city.San Juan County is located in the northwest corner of New Mexico, bordering Arizona, Colorado, and Utah. San Juan County is comprised of 5,500 square miles located in the beautiful “Four Corners” area. Today, the economic base of the county is supported not only by oil and gas, but is also being diversified by a strong growth in retail and tourism. The City of Farmington has become the retail hub of the Four Corners area, catering to a population base of more than 250,000.