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3700 Kinsman Blvd, Madison, WI, 53704

3700 Kinsman Blvd

$4,135,000

Key Information

Cap Rate
6.65%
$ per SF
$93
Tot. SF
44,200
Lot Size
5.18 Acres
Year Built
1989
Term Remaining
± 3.6 Years
Type
Industrial
Occupancy
100%

Highlights

• Investment Grade Credit Tenant / Fortune 100 Company – The property is leased to Federal Express Corporation, a wholly owned subsidiary of FedEx Corporation (NYSE: FDX), a Fortune 100 company and one of the world’s largest transportation and logistics providers. FedEx maintains an S&P BBB credit rating and generates approximately $88 billion in annual revenue.
• Functional Industrial Facility / 35+ Year Operating History – This functional ±44,200 SF single-tenant industrial facility sits on ±5.18 acres (19% building-to-land coverage), providing ample parking and outdoor storage capabilities. FedEx has occupied the property since it was built-to-suit in 1990 (35+ years), demonstrating the facility’s continued functionality and strategic importance to FedEx’s regional operations.
• Attractive Basis / Favorable Upcoming Rent Increase – Investors have the opportunity to acquire this investment-grade net lease industrial asset at an attractive basis of approximately $93 PSF, significantly below replacement cost. During its most recent renewal, FedEx executed a rare 10-year lease extension featuring 16.72% and 9.92% rent increases in the renewal option periods, providing a meaningful increase in the investor’s potential return.
• Prime Midwest Industrial Market / State Capital & Major University Hub – The property is strategically located along US Highway 51 near Dane County Regional Airport, Wisconsin’s second-busiest airport, and offers convenient access to the I-39/I-90/I-94 corridor. As Wisconsin’s capital, Madison is home to the University of Wisconsin–Madison, the 13th largest four-year university campus in the United States, helping support one of the Midwest’s strongest regional economies.

Photos

Location

Agents

Broker of Record

Matt Fitzgerald

License # 51983-90, 938105-91 (WI)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203