Cove Net Lease Distribution 55 DST
Gunnison, CO
| Asset Class: | Single Tenant Net Lease |
| Leverage: | 0% - All-Cash/Debt-free |
| Location(s): | Gunnison, CO |
| Minimum Investment: | $50,000 |
| Current Distribution: | Monthly/Inquire |
| Offering Type: | DST |
| 1031 Exchange Qualified: | Yes |
Property Description
Net Lease Distribution 55 DST is a brand new 38,073 sq ft all-cash/debt-free FedEx Ground distribution center in a strategic location in Colorado. On a recently executed 10-year lease term. FedEx Ground 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.
The 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.
MSA Details
The Crested Butte | Gunnison area is remarkable for outdoor sports enthusiasts and tourists. These communities are nestled in the Elk Mountains Range of the Rocky Mountains in westcentral Colorado. Gunnison is the largest population center in Gunnison County. Gunnison is the primary transportation gateway to Crested Butte via car or jet. Fly into Gunnison Crested Butte Regional Airport (GUC) via United Airlines. Just 28 mi north of Gunnison, Crested Butte is located in the Rocky Mountains of western central Colorado. It’s in Gunnison County and has an elevation of 8,909 feet. A few miles north is the town of Mt. Crested Butte, which is the literal end of the road and home to the ski area, Crested Butte Mountain Resort (CBMR). Gunnison, Colorado is about 30 miles south on Highway 135. On average, Crested Butte receives 234” of snowfall annually. It remains popular with tourists and sees over 350,000 visitors each year.
Property Highlights
- New Construction FedEx Ground
- 10 Year Term with Two 5-Year Renewal Options
- Essential Location for Fedex Ground
- Building size: 38,073 sq. ft
- Essential Business – Tenant remained open and paying rent throughout the entire COVID-19 Pandemic
- FedEx Ground parent company FedEx Investment Grade Rating of BBB by Standard and Poor’s (S&P)
- FedEx Ground is the fastest growing and most profitable subsidiary of FedEx Corporation* (NYSE: FDX)
Source: Brochure
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.
