FedEx Express | Southfield, MI
Sands Investment Group is Pleased to Present Exclusively For Sale the 42,555 SF FedEx Express NNN Lease Investment Opportunity Located at 21600 Melrose Avenue in Southfield, Michigan. This Deal Includes a High Quality Tenant That Reported Total Revenues of $84 Billion, Providing For a Secure Investment.
- Investment Grade Tenant – Federal Express Corporation (NYSE: FDX) Reported Total Revenues of $84 Billion, Operating Income of $5.86 Billion and Net Income of $5.23 Billion For Fiscal Year Ended May 31, 2021
- Tenant Currently Holds a BBB/A-2 Stable Credit Rating
- Long-Term Commitment to Site – FedEx Express Has Operated at This Site Since 1991; Recent Lease Renewal Extended Lease Term Until July 2030, Providing 39 Years of Continuous Occupancy
- Corporate Guaranteed Net Lease – Lease Features Minimal Landlord Responsibility Limited to Roof and Structure
- Major Repairs to Building and Parking Lot Were Completed in 2016
- Premier Location With Strong Accessibility – Situated Right in the Heart of the Detroit Suburban Warehouse and Industrial Park
- Strong Demographics – Michigan 102 Highway Sees Over 88,193 VPD and the John C Lodge Freeway Sees Over 130,053 VPD
- Over 100,621 Residents Living Within a 3-Mile Radius of the Property
- Nearby Tenants Include: Sam’s Club, Taco Bell, McDonald’s, Wendy’s, Subway, Family Dollar, Dollar Tree, Save-A-Lot, Popeye’s, CVS Pharmacy and More
In Cooperation With: Sands Investment Group Michigan, LLC Lic. # 6505424119 31235 Harper Avenue, St. Clair Shores, MI 48082 Direct# 586.210.6178 Broker of Record: Max Freedman MI Lic. # 6502424113
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