FedEx Ground

65 Stults Road - South Brunswick (Trenton) NJ 08810

LTV (Loan to Value)	65.00%	Current NOI	$0.00
Interest Rate	4.250%	Capital Rate	0.000%
Fixed Term	10 Years	Land Area	27.30 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$50,573,355.95	Property Type	Industrial
Payment	$273,975.14	Property Lease	Warehouse/Sort Distribution
Bulding Size	269,204 SF	Remaining Terms	12 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors a single tenant industrial facility located in South Brunswick (Trenton), New Jersey. The property is leased to FedEx Ground who operates a NN lease with approximately twelve (12) years remaining on a recently renewed lease. There are also two (2), five (5) year renewal options. The subject property is located off of exit 8A adjacent to Interstate 95 and the New Jersey Turnpike midway between New York City and Philadelphia. FedEx recently extended the lease and is in the process of a 55,000 SF expansion which is on target to be completed in August of 2015.

Highlights

Credit – FedEx Ground is a subsidiary of the world’s largest commerce provider, FedEx Corp, and its parent has an…

Property Description

The property is located along exit 8A and the New Jersey Turnpike. Exit 8A is one of the country's most dynamic distribution hubs with a total market size exceeding 70MM SF. Industrial distribution tenants in the area include a who's who of logistics company's and consumer brands including William Sonoma, VW Audi, Barnes & Noble, Canon, Staples, Home Depot, Costco, Ford, Iron Mountain, Wesco, GMB and Genesis Logistics to name a few. South Brunswick is a township in Middlesex County, New Jersey. As of the 2010 United States Census, the township's population was 43,417, reflecting an increase of +15.1% from the 2000 Census. CNNMoney.com ranked South Brunswick Township 22nd on its 2011 list of the “Best Places to Live”, featuring its picks of the best small towns in the United States. Industry and commerce are well developed in the area. There are several warehousing and distribution centers along the NJ Turnpike corridor and other large companies have research facilities and office complexes within town.