Available

FedEx Express

2717 S Copper Passage | Steamboat Springs, CO 80487

Price

$5,225,000

Cap Rate: 4.55%

Lead Broker

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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. 

Investment Highlights

  • Long-term lease with over 8.5 years remaining
  • Rare 3% annual rental increases
  • FedEx is an investment grade rated company (S&P: BBB)
  • 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

Location Highlights

  • Mountain town property with high barriers to entry
  • 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 INVESTMENT

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031