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

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