481 Gregg DrBuena Vista, CO 81211

For Sale
$2,050,000

Buena Vista, CO Industrial Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
91
This exceptional investment opportunity presents a 11,050-square-foot, free-standing industrial building in Buena Vista, Colorado. The property is currently 100% occupied by FedEx Ground under a net lease with 2.5 years remaining on the initial 10-year term, followed by two 5-year options with 10% rent increases. Built in 2017, this build-to-suit facility boasts a strong 8.03% cap rate and a substantial net operating income (NOI) of $164,569. Situated on a 5.47-acre lot zoned I-1, the property features 20-22 foot clear ceiling heights, eight grade-level loading doors, and two dock-high doors, making it ideal for distribution and warehouse operations. The property's strategic location along Gregg Drive, just off Highway 24, provides excellent access to central Colorado. The building is constructed of metal and includes fenced trailer parking. This is a rare opportunity to acquire a high-quality, net-leased industrial property anchored by a creditworthy tenant with a long-term lease and significant growth potential. The property's strong financials, coupled with the tenant's robust financial performance and long-term commitment, make this an attractive investment for discerning buyers. The APN is R327120100154.

Highlights

  • FedEx Ground, a tenant generating $34.3B in FY24 revenue (39% of FedEx total), occupies the property.
  • Investment-grade tenant (S&P: BBB) with $6.5M average daily package volume and a global fleet of 680 aircraft.
  • 2017 build-to-suit facility specifically designed for FedEx Ground operations.
  • 20'-22' clear height warehouse featuring metal construction, 8 ground-level and 2 dock-high loading doors.
  • Securely fenced property.
  • Ample on-site trailer parking.

Property Details for 481 Gregg Dr

Property type
Other warehouses, Other industrial properties
Square Feet
11,050 SF
Year Built
2017
Lot Size (sq. ft)
238,273 SF

Location Insight

City
Buena Vista
County
Chaffee
State
Colorado
Latitude
38.8244071
Longitude
-106.1326706
481 Gregg Dr, Buena Vista, Colorado

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481 Gregg Dr
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