Cove Net Lease Distribution 50 DST
|Single Tenant Net Lease
|0% - All-Cash/Debt-free
|1031 Exchange Qualified:
The Net Lease Distribution 50 DST is an all-cash/debt-free FedEx Ground distribution center located in the Idaho Falls, Idaho MSA. The property is corporately backed by FedEx Ground until October 31, 2030. The Tenant recently extended their lease in August 2020, in the midst of the Coronavirus pandemic, which demonstrated the Tenants long-term commitment to the location. Recent improvements to the Property include upgrading the parking lot and adding new security fencing. In addition to the recent upgrades, the Property sits on an oversized +/- 10.6-acre parcel.
Approximately 15 miles north of downtown Idaho Falls. Idaho Falls serves as the main hub for southern Montana, western Wyoming and eastern Idaho. Within 100-miles, the population is 500,000 and includes Yellowstone National Park, Jackson Hole and the Grand Tetons.
- All-Cash/Debt-Free Offering
- Corporately backed lease until 2030
- Lease Guarantor is FedEx Ground
- Tenant extended lease during COVID 19 pandemic
- Newly renovated
Source: Preliminary Information
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.