217 E View Dr Mount Pleasant, PA

This high-performing FedEx Freight logistics facility is located in Mount Pleasant, Pennsylvania, within the Pittsburgh MSA. The property is leased to FedEx Freight under a long-term NN structure. Delivered as a build-to-suit and expanded in 2016, the 20,200 square foot facility features 56 dock doors and a concrete lot with 95 parking spaces. It is situated on a 9-acre site strategically positioned near major transportation arteries, offering convenient access to US-119 (25,000 VPD) and I-70 (33,000 VPD). The tenant utilizes the property as a regional hub to service both the I-70 and I-76 logistics corridors. The lease commenced in May 2018, with a 12-year initial term running through May 2030, and includes scheduled 5% rental increases in each of the three five-year renewal options. The lease is backed by a corporate guarantee from FedEx Corporation (NYSE: FDX). Mount Pleasant is home to a variety of industries including Coca-Cola, iron, flour, lumber, glass, and energy, and is supported by advanced manufacturing and technology firms, such as Philips Respironics, Westinghouse, Baker Hughes, and Cintas.