NN Corporate Lease to Fedex Ship Center

4106 Liberty Highway, Anderson, SC 29621
List Price $851,478
Cap Rate 5.75%

For More Information

Spencer O’Donnell
714-400-6267

Property Description

We are pleased to present to qualified investors an opportunity to purchase a single-tenant NN opportunity (fee simple land and building) in Anderson, SC offered at an attractively low price-point and price per square foot. This net-leased property features a corporate lease to FedEx (S&P rated BBB – Investment Grade) with below market rents. The tenant has successfully operated and continually renewed their lease at this location for decades since their opening in 1993. They have approximately 5 years remaining on their lease while only paying $4.25 PSF in annual rent. This triple-net lease is guaranteed by Federal Express Corporation (NYSE: FDX) – a major publicly traded company (S&P 100 and 500 component) with over $90 billion in Revenue and over $66 billion in Market Cap. Originally founded in 1971 and based in Memphis, TN, has risen to become the 5th largest US-headquartered employer globally with over 547,000 employees and 2,200 locations.

This 11,520 SF property located on 1.12 acres is well located at the near the intersection of Liberty Hwy/US Route 178 (31,098 cars per day) and Hwy 28 (30,220 cars per day) in the Northlake area of Anderson only 30 minutes outside of Greenville. This strategic location is on one of Anderson County’s main retail corridors adjacent to national retailers including Publix, Sam’s Club, Walmart Supercenter, Sportsman’s Warehouse, Target, Tractor Supply, PetSmart, Lowe’s, Michaels, Kohl’s, Dick’s, HomeGoods, Chick-fil-A, Starbucks, Best Buy, and Burlington. This is also a densely populated area with a population of 121,695 in a 10-mile radius. Anderson is the county seat and home to Anderson University as well as 12 miles from Clemson University. Anderson is one of the three primary cities that make up the Upstate region and Greenville-Anderson-Greer MSA, and is nicknamed the “Electric City” and the “Friendliest City in South Carolina.” This a rare opportunity to own a corporately guaranteed NN property leased to a major, credit tenant with upside potential through a lease extension or repositioning strategy.

Investment Highlights:

  • NN Corporate Lease to FedEx (S&P Rated “BBB” Investment Grade)

    • 5 Years Remaining – Below Market Rent

  • Long-Term Operating History at this Location (30 Years)

    • Offered at an Attractively Low Price PSF – Well Below Replacement Cost

  • Federal Express Corporation (NYSE: FDX)

    • 2,200 Locations Across the US, 547,000 Employees

    • S&P 100 and S&P 500 Component, $90 Billion in Revenue

  • Fee Simple (Land & Building) – 1.12 Acre Site – Credit Single-Tenant

    • 5th Largest US-Headquartered Company

  • Hwy/US Route 178 (32,807 cars per day) and Hwy 28 (20,457 cars per day)

    • 121,695 Residents in a 10-mile radius

  • Adjacent Retailers include Publix, Sam’s Club, Walmart Supercenter, Sportsman’s Warehouse, Target, Tractor Supply, PetSmart, Lowe’s, Michaels, Kohl’s, Dick’s, HomeGoods, Chick-fil-A, Starbucks, Best Buy, and Burlington

  • County Seat – Part of Greenville-Anderson-Greer MSA

    • 12 Miles from Clemson University

  • Delivered Free & Clear of Debt – Coupon Clipper Asset

    • Established Well-Located Operation

Area Demographics

Radius
Population 2024
Median HH Income
Average HH Income
1 miles
3,196
$60,714
$94,009
3 miles
23,269
$73,468
$105,287
5 miles
62,378
$68,295
$96,034