Trophy property located in Steamboat Springs, consistently ranked as a top ski town in North America.
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.