FedEx Ground Package System, Inc.

10905 Gateway Boulevard - New Haven (Fort Wayne) Indiana 46774

LTV (Loan to Value) 65.00% Current NOI $1,028,548.00
Interest Rate 4.250% Capital Rate 6.250%
Fixed Term 10 Years Land Area 39.80 Acres
Amortization 25 Years Lease Type NN
Loan Amount $10,696,899.20 Property Type Industrial
Payment $57,949.18 Property Lease Warehouse
Bulding Size 177,956 SF Remaining Terms 8.8 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors, the opportunity to purchase a 100% fee-simple interest in the FedEx Ground Package System, Inc.-leased property located at 10905 Gateway Boulevard in New Haven (Fort Wayne), Indiana (the “Property”). The Property boasts an excellent logistics location as it is situated at the intersection of State Highway 30 and Interstate 469 in the western portion of the Fort Wayne Metropolitan Area. This location provides immediate access to most of the Midwest’s intermodal facilities connecting this location to Northern Indiana, Southern Michigan and Eastern Ohio.

Highlights

Ten Year Term – Ten (10) Year Initial Base Lease Term Commenced in June 2014Highly Passive Lease – Highly Passive…

Property Description

New Haven is a city in Adams, Jefferson, and St. Joseph townships, Allen County, Indiana. It is adjacent to the city of Fort Wayne, the second largest city in Indiana, and is situated mostly along the southern banks of the Maumee River. The population was 14,794 at the 2010 census. New Haven is surrounded by an abundance of fertile soil, making agriculture the largest visible economic asset. Corporate headquarters of Do It Best hardware stores is located in New Haven, along with Central States Grain, a large soybean and grain processor, has its operational headquarters in New Haven. O'Neal Steel, the nation's sixth largest steel center, operates a New Haven branch. Other major employers include East Allen County Schools, Norfolk Southern, and BFGoodrich (located in nearby Woodburn, Indiana).