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217 E View Dr Mount Pleasant, PA

For Sale
$7,673,000

NN leased FedEx Freight facility with long-term income stream.

Property size:
20,200 SF
Lot size:
8.88 Acres

Property Features for 217 E View Dr

General Information

Size
20,200 SF
Lot size
8.88 Acres

Source: The Kase Group - Corporate Agent Jeff Bracco

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

High-Performing FedEx Freight Logistics Facility

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

FedEx Freight Freight Forwarding Service American Freightways Trucking Company

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Mount Pleasant
County
Westmoreland
State
Pennsylvania
Longitude
-79.5411497
Latitude
40.1489607

FAQs

What type of property is this?
Truck terminal - NN leased FedEx Freight facility with long-term income stream.
Where is this truck terminal located?
The property is located at 217 E View Dr Mount Pleasant, PA.
What is the asking price?
The asking price for this property is $7,673,000.
What are key features of this property?
This property features: - Long-term NN lease with FedEx Freight (through May 2030) providing a reliable income stream.; - Strong corporate guarantee from FedEx Corporation (NYSE: FDX).; - Strategic location near major transportation arteries (US-119 and I-70).
More about this property
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