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.
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.
