Cove Essential Net Lease Industrial 87 DST
Sierra Vista, AZ
Asset Class: | Single Tenant Net Lease |
Leverage: | 0% - All-Cash/Debt-Free |
Location(s): | Sierra Vista, AZ |
Minimum Investment: | $100,000 |
Current Distribution: | Monthly/Inquire |
Offering Type: | DST |
1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease Industrial 87 DST is an all-cash/debt-free offering featuring a FedEx Ground. FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation (NYSE:FDX) that holds investment grade ratings by Standard & Poor's and Moody Investor Services with BB and Baa2 ratings respectively. The property is 26,795 square feet and is operating less than 1,000 feet from U.S. Highway 90. US-90 is the primary thoroughfare of Sierra Vista and connects this part of Arizona to Interstate 10, which connects with major markets such as Tucson, Phoenix, and El Paso.
Property Highlights
- All-Cash/Debt-Free Offering
- Strategic Logistics Location
- Minimal landlord obligations
- Early Lease Extension - FedEx Ground recently signed and early lease extension
Source: Brochure, PPM, Google Maps, CoStar
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.