April 30, 2022 – Ryan O’Rourke of Horvath & Tremblay has successfully completed the sale of Fed-Ex in Cheyenne, Wyoming. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $5,100,000.
Fed-Ex is located at 8417 Trucker Trail in Cheyenne, Wyoming. The building was constructed for Fed-Ex in 2012 and consists of 21,662 square feet (1,806 square feet of office space and 19,856 square feet of warehouse space) on a large 4.49-acre lot. Fed-Ex has 4 years remaining on their double net lease with two 5-year renewal options. The lease features a 5% rent increase at the start of each option period. The property is located directly off of Interstate 80 and is near the Pilot Travel Center, Lowe’s Distribution Center, Best Western Plus Frontier Inn, and Cheyenne RV Resort. Laramie County Community College, with an enrollment of nearly 5,000, is located just over 5 miles from the site, while the world’s only Lifestyle Prescriptions University, offering Ph.D. doctorate and master’s degrees in health coaching, lifestyle medicine and self-healing is a ten-minute drive. Cheyenne Regional Medical Center, a top 5-star hospital for quality with 2,000+ employees, is also within a few minutes’ drive. Cheyenne Regional has 206 licensed beds, 10 surgical suites, 200+ volunteers, and over 170 medical staff. Cheyenne Regional has received a multitude of Healthgrades Awards and certifications.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.