481 Gregg Dr Buena Vista, CO 81211-9275
This exceptional investment opportunity presents a 11,050-square-foot, free-standing industrial building in Buena Vista, Colorado. The property is currently 100% occupied by FedEx Ground under a net lease with 2.5 years remaining on the initial 10-year term, followed by two 5-year options with 10% rent increases. Built in 2017, this build-to-suit facility boasts a strong 8.03% cap rate and a substantial net operating income (NOI) of $164,569. Situated on a 5.47-acre lot zoned I-1, the property features 20-22 foot clear ceiling heights, eight grade-level loading doors, and two dock-high doors, making it ideal for distribution and warehouse operations. The property's strategic location along Gregg Drive, just off Highway 24, provides excellent access to central Colorado. The building is constructed of metal and includes fenced trailer parking. This is a rare opportunity to acquire a high-quality, net-leased industrial property anchored by a creditworthy tenant with a long-term lease and significant growth potential. The property's strong financials, coupled with the tenant's robust financial performance and long-term commitment, make this an attractive investment for discerning buyers. The APN is R327120100154.
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FedEx Ground Trucking Company
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FedEx Drop Box Postal Service Courier Service
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.