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FedEx Ground - Wilmington, NC 3241-3328 Pennington Dr 213,508 SF Industrial Building Wilmington, NC 28405 $45,968,127 CAD ($215.30 CAD/SF) 5.91% Cap Rate
EXECUTIVE SUMMARY
- 2016 Construction FedEx Ground Location | (NYSE: FDX - S&P: BBB) | $87.93 Billion in Revenue | $9.08 Billion in Revenue & $10.49 Billion in EBITDA | FedEx Ranked #49 on Fortune’s List of America’s Largest Public Companies
- 16-Year Primary Term | Two Adjacent Parcels | 6.9 Years of Firm Term Remaining plus 2 (5-Year) Options | 5.00% Rental Increases at each Option & a 5.00% Rental Increase in September 2026 for 3241 parcel | NN Lease with Minimal Landlord Responsibilities
- Strong North Wilmington Industrial Location | Excellent Access to I-40, I-140, & The Port of Wilmington | Expanding Industrial Market with the new 330-acre Pender Commerce Park | National Industrial Tenant Roster in Pender Commerce Park
- Located 1 Mile North of Wilmington International Airport, 7 Miles North of the Port of Wilmington, and 6 miles North of Downtown
Wilmington | Diverse & Dynamic Economic Center | Growing Demographics in the Immediate Trade Area | 228,074 People with an
Average Household Income of $90,347 within 10 Miles
- 16-Year Primary Term | Two Adjacent Parcels | 6.9 Years of Firm Term Remaining plus 2 (5-Year) Options | 5.00% Rental Increases at each Option & a 5.00% Rental Increase in September 2026 for 3241 parcel | NN Lease with Minimal Landlord Responsibilities
- Strong North Wilmington Industrial Location | Excellent Access to I-40, I-140, & The Port of Wilmington | Expanding Industrial Market with the new 330-acre Pender Commerce Park | National Industrial Tenant Roster in Pender Commerce Park
- Located 1 Mile North of Wilmington International Airport, 7 Miles North of the Port of Wilmington, and 6 miles North of Downtown
Wilmington | Diverse & Dynamic Economic Center | Growing Demographics in the Immediate Trade Area | 228,074 People with an
Average Household Income of $90,347 within 10 Miles
PROPERTY FACTS
| Price | $45,968,127 CAD | Lot Size | 33.86 AC |
| Price Per SF | $215.30 CAD | Rentable Building Area | 213,508 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.91% | Year Built | 2016 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 1.92/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 43 |
| Price | $45,968,127 CAD |
| Price Per SF | $215.30 CAD |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 33.86 AC |
| Rentable Building Area | 213,508 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Tenancy | Single |
| Parking Ratio | 1.92/1,000 SF |
| No. Dock-High Doors/Loading | 43 |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $34,440,702 CAD | |
| Land Assessment | $4,904,833 CAD | Total Assessment | $39,345,535 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,904,833 CAD
Improvements Assessment
$34,440,702 CAD
Total Assessment
$39,345,535 CAD
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FedEx Ground - Wilmington, NC | 3241-3328 Pennington Dr
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