Net Lease Distribution 60 DST
Spirit Lake, IA
|Asset Class:||Single Tenant Net Lease|
|Leverage||0% - All-Cash/Debt-free
|Location||Spirit Lake, IA|
|1031 Exchange Qualified:||Yes|
Net Lease Distribution 60 DST is a built-to-suit 25,632 sq ft all-cash/debt-free FedEx Ground distribution center that benefits from a recently executed lease renewal. FedEx Ground has leased the building since 2013, demonstrating a strong commitment to the site, and is a direct beneficiary of the E-commerce boom and has remained open and paying rent during the entire COVID-19 pandemic. FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation.
This offering is an all-cash/debt-free DST investment with no risk of a lender foreclosure. In addition, all-cash/debt-free DSTs eliminate the risk of taking on equal or greater debt in future 1031 exchanges. This provides flexibility to hold through any potential market downturns, credit crunches, recessions and /or depressions.
Spirit Lake is centrally located on US Hwy 71 and Iowa Hwy 9. US Hwy 71 extends over 1,500 miles from Louisiana all the way through Spirit Lake up into Minnesota. Spirit Lake is located just 1.5 hours to the East of Sioux Falls, South Dakota and 3 hours from Minneapolis, Minnesota. Spirit Lake is less than a 30 minute drive to the Spencer municipal airport. Spirit Lake has two large industrial parks that houses many large industrial operators including but not limited to Polaris and Pure Fishing.
- Recent Lease Extension – Showing tenant commitment to the location
- Essential Location for FedEx Ground
- Building size: 25,632 sq. ft
- FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation* (NYSE: FDX)
- 721 Exchange Rollup as a Potential Exit Strategy*
- Essential Business – Tenant remained open and paying rent throughout the entire COVID-19 Pandemic
Source: Indication of Interest
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.
All DST properties shown are subject to availability. There can be no assurance that the DST properties shown will be available.