FedEx Ship Center NNN
For Sale
Contact for pricing
1375 N Hayden Rd, Scottsdale, AZ 85257
Fee simple interest offered in a corporate-guaranteed NNN FedEx Ship Center with 3% annual rental increases and extension options.
Property Size39,056 SF
Price / SF$320.05
Days on Market242
Property Features for 1375 N Hayden Rd
General Information
Standard status
Active
Size
39,056 SF
Property subtype
INDUSTRIAL
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners | Phoenix
(602) 682-6000
Listed By:
Ed Beeh · License #BRO32807000
(602) 980-3553
Source:
Moodyscre
Added: Jan 6
Changed: Sep 3
Last Checked: Jul 21 at 5:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Phoenix
Investment Insights
Based on property information with market context.
SRS National Net Lease Group presents the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, corporate-signed FedEx Ship Center investment property. The tenant recently renewed the lease for an additional five years, with two additional five-year options to extend, reflecting long-term commitment to the site. Lease terms include 3% annual rental increases throughout the remaining term and option periods.
The lease is corporate guaranteed and structured as a NNN arrangement, with minimal landlord responsibilities.
This property is offered as an NNN leased corporate facility for investors seeking a low-management structure supported by a long-term, guaranteed tenancy.
The lease is corporate guaranteed and structured as a NNN arrangement, with minimal landlord responsibilities.
This property is offered as an NNN leased corporate facility for investors seeking a low-management structure supported by a long-term, guaranteed tenancy.
Key Highlights
- Fee simple interest (land & building ownership) in a NNN leased FedEx Ship Center in Scottsdale, AZ (Phoenix‑Mesa‑Scottsdale MSA)
- Tenant recently renewed the lease for an additional 5 years, with 2 (5‑year) options to extend
- Lease has 3% annual rental increases throughout the remaining term and the option periods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$662,810
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,256,200
$13.3M
Cap Rate 7%
$9,468,714
$9.5M
Cap Rate 9%
$7,364,556
$7.4M
Market Conditions
NOI Build-Up for 39,056 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$829.5K $21.24/SF
− Vacancy
−$49.8K −$1.27/SF
EGI
$779.8K $19.97/SF
− OpEx
−$117.0K −$2.99/SF
NOI
$662.8K $16.97/SF
Area
Scottsdale, AZ
Vacancy
6.00%
Lease Rate
$21.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$13,256,200
Cap Rate 7%
$9,468,714
Cap Rate 9%
$7,364,556
Alternative Uses
Best Use
Warehouse
$9.47M
$8.29M – $11.05M
NOI $662,810 @ 7.0% cap · market cap 5.30%
Second Best
Industrial
$7.72M
$6.75M – $9.01M
NOI $540,365 @ 7.0% cap · market cap 4.32%
Theoretical Best
Retail
$12.82M
$11.22M – $14.96M
NOI $897,469 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
Explore this area
Business Placement
Demographics for 85257, AZ
29,187
Population
16,392
Households
1.8
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
4,230
Density / Sq Mi
$79,828
Median Household Income
$54,580
Median Earnings
$1,812
Median Rent
$453,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Fee simple interest offered in a corporate-guaranteed NNN FedEx Ship Center with 3% annual rental increases and extension options.
Where is this distribution center located?
The property is located at 1375 N Hayden Rd Scottsdale, AZ.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Fee simple interest (land & building ownership) in a NNN leased FedEx Ship Center in Scottsdale, AZ (Phoenix‑Mesa‑Scottsdale MSA); Tenant recently renewed the lease for an additional 5 years, with 2 (5‑year) options to extend; Lease has 3% annual rental increases throughout the remaining term and the option periods
