Steamboat Springs, CO
Price: $5,401,000
Cap Rate: 4.40%
Status: AVAILABLE
FedEx Express
2717 S Copper Passage | Steamboat Springs, CO 80487
Blue West Capital is pleased to exclusively present the sale of a single tenant net leased FedEx Express located in Steamboat Springs, CO, which is consistently ranked as a top ski town in North America. This FedEx Express property is positioned in a mountain town with high barriers to entry and is committed to this location evidenced by a recent lease extension where the rent increased by 17.5%. The tenant has been operating at this location since 2000. This property features a long-term lease with over 8.5 years remaining and rare 3% annual rental increases. The average household incomes in excess of $125,000 within three miles and it is in immediate proximity to Steamboat Springs Airport.
FedEx is an investment grade rated company (S&P: BBB) and is the largest express transportation company in the world, generating $84 billion in revenue in 2021.
- Trophy property located in Steamboat Springs, consistently ranked as a top ski town in North America
- Long-term lease with over 8.5 years remaining
- Rare 3% annual rental increases
- FedEx is an investment grade rated company (S&P: BBB)
- Mountain town property with high barriers to entry
- Long-term operating history at this location (since 2000)
- FedEx is committed to this location evidenced by a recent lease extension where the rent increased 17.5%
- FedEx is the largest express transportation company in the world, generating $84 billion in revenue in 2021
- Large 2.33-acre parcel
- Average household incomes in excess of $125,000 within three miles
- In 2021 the median single-family home in Steamboat sold for $1,700,000, a 40% increase over 2020
- Immediate proximity to Steamboat Springs Airport
OFFERING SUMMARY
Price: $5,401,000
Cap Rate: 4.40%
Building Size: 17,565 SF
Land Size: 2.33 AC
INVESTMENT CONTACT
BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com