FedEx Ship Center NNN Property For Sale — Scottsdale, AZ · 39,056 SF
Scottsdale, AZ 85257
Fee simple interest in a corporate-guaranteed NNN leased FedEx Ship Center distribution facility located in Scottsdale, Arizona within the Phoenix MSA. The tenant recently executed a 5-year lease renewal with two 5-year extension options, underscoring their long-term commitment to this key logistics site. The lease features rare 3% annual rental increases throughout both the primary term and option periods, providing an exceptional hedge against inflation and steady NOI growth. Constructed in 1987 on a 2.79-acre parcel with approximately 113 on-site parking spaces, the 39,056-square-foot two-story industrial building is strategically positioned near the intersection of E McDowell Road and N Hayden Road (51,000 combined VPD) and within 5 miles of Phoenix Sky Harbor International Airport.
- Address: Scottsdale, AZ 85257
- Asking price $12.50M
- 5.15% cap rate
- NOI $643,643
- 5 years remaining
- NNN lease
- Year built: 1987
- Building size: 39,056 SF
- Lot size: 2.79 acres
- Rent increases: 3% annual increases throughout remaining term and option periods
- Guarantor: Corporate
Location
This FedEx Ship Center property is in Scottsdale, Arizona.
Asset type: Industrial