FedEx Ground - Distribution Facility

Highlights

• Strong Commitment to Location: New 7 year lease extension | Tenant has operated at this location since 2020
• Secure Double Net Lease Structure: Minimal landlord responsibilities
• Strong Credit Tenant with Guarantee: The tenant is an S&P rated BBB Investment Grade Credit Tenant with a corporate guaranty from FedEx Ground
• Below Market Rent: Tenant is occupying the building at below market rent
• Established Property with Additions: The property has a history of development, with original construction in 1988 and multiple warehouse additions in subsequent years (1994, 1996, 1997, 2000, & 2008). This indicates ongoing investment and adaptation to business needs
• New Roof Installation: A significant improvement was made with a brand new roof installed on the East portion of the building. This 57,000 SF rubber membrane roof carries a 20-year warranty from November 2020, reducing potential maintenance costs
• Spacious Property Configuration: The property spans 153,030 SF, with approximately 21,000 SF allocated for office space and around 132,000 SF dedicated to warehouse facilities. This versatile layout can accommodate various business operations
• Desirable Location: 1-mile radius boasting a household income exceeding $100,000. This suggests a strong local economy and potential customer base for businesses
• Educational Hub: Champaign is home to the University of Illinois at Urbana-Champaign
• Transportation Infrastructure: Champaign's strategic location provides easy access to major transportation routes, including Interstates 57 and 74, as well as Amtrak rail services. This connectivity is beneficial for businesses relying on efficient logistics

Description

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Champaign is a city in Champaign County, Illinois, United States. The population was 88,302 at the 2020 census. It is the tenth-most populous municipality in Illinois and the fourth most populous city in Illinois outside the Chicago metropolitan area. It is included in the Champaign–Urbana metropolitan area.

Champaign shares the main campus of the University of Illinois with its twin city of Urbana. Champaign is also home to Parkland College, which serves about 18,000 students during the academic year. Due to the university and a number of well-known technology startup companies, it is often referred to as the hub, or a significant landmark, of the Silicon Prairie. Champaign houses offices for the Fortune 500 companies Abbott, Archer Daniels Midland (ADM), Caterpillar, John Deere, Dow Chemical Company, IBM, and State Farm. Champaign also serves as the headquarters for several companies, including Jimmy John's.

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