FedEx
Baskersfield, CA
FedEx Corporation provides transportation, e-commerce, and business services worldwide. The company’s FedEx Express segment provides various shipping services for the delivery of packages and freight; international trade services specializing in customs brokerage, and ocean and air freight forwarding services; assistance with the customs-trade partnership against terrorism program; and customs clearance services, as well as an information tool that allows customers to track and manage imports. This segment also publishes customs duty and tax information; and offers transportation management and temperature-controlled transportation services.
Its TNT Express segment provides international express transportation, small-package ground delivery, and freight transportation services; and business-to-consumer services. The company’s FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services; and consolidates and delivers low-weight and less time-sensitive business-to-consumer packages, as well as offers integrated supply chain management solutions. Its FedEx Freight segment offers less-than-truckload freight and freight-shipping services. As of May 31, 2017, this segment operated approximately 66,000 vehicles and trailers from a network of approximately 370 service centers.
The company’s FedEx Services segment provides sale, marketing, information technology, communication, customer, technical support, billing and collection, and other back-office support services; FedEx Mobile, a suite of solutions to track packages, create shipping labels, view account-specific rate quotes, and access drop-off location information; copying and digital printing, professional finishing, document creation, direct mail, signs and graphics, computer rentals, and ground shipping and time-definite shipping services; and packing services, supplies, and boxes. FedEx Corporation was founded in 1971 and is headquartered in Memphis, Tennessee.
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S&P Outlook: Stable
Moody Outlook: Stable
Typical Lease Characteristics
Lease Term: 10 – 20 Years Years
Lease Type: Absolute NNN Lease
Lease Increases: 10% Every 5 years
Lease Extensions: 4-5 (5) Year Options
Lease Guarantor: Corporate
Positives:
- Public Company, Credit Rated
- Less prone to economic pressures
- High Barrier to entry within its industry
Negatives:
- Typically low cap rates
- Typically High Price Per Square Foot
Market Snapshots:
On Market Ranges:
# of Properties in set: 1
Price: $4,850,000 - $4,850,000Average: $4,850,000
PPSF: $84 - $84Average: $84
Year Built: 1997 - 1997Average: 1997
CAP Rate Range: 6.76% - 6.76%Average: 6.76%
Size range: 57,522 sq ft - 57,522 sq ft Average: 57,522 sq ft
Last 12 Month Range:
# of Properties in set: 6
Price: N/AV - $41,644,155Average: $17,616,702
PPSF: N/AV - $311735Average: $127
Year Built: 1985 - 2017Average: 2008
CAP Rate Range: N/AV - 19.50%Average: 9.76%
Size range: 11,140 sq ft - 246 sq ft Average: 143,285 sq ft
FedEx Similar Tenants
FedEx Company Profile
Headquarters Information
Memphis, Tennessee
Founded in 1971
Company type: Public
Stock Ticker: FDX
Parent Company: FedEx Corporation
Sector: Services
Industry: Air Delivery & Freight Services
# of Employees: 331,000
FedEx Stock Keys
Title | 2017 | 2016 |
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