FedEx Ground Listing Details & Market Data

Mason City has a very diverse employment base covering multiple sectors of the economy including Manufacturing, Health, Financial Services, Technology and Education, with no one sector or employer dominating the market. The largest employer is MercyOne North Iowa Medical Center, formerly known as Mercy Medical Center-North Iowa, and before that as St. Joseph Mercy Hospital, is the region’s largest hospital. The facility serves 14 counties across northern Iowa. In June 2019, the hospital opened a new $10.6 million behavioral center. The new center will help MercyOne to increase the number of behavioral health-care services it can offer to those in the community it serves who are struggling with mental illness and substance abuse issues. MercyOne to open $10.6 million behavioral center.The subject property is a 43,039 square foot building, leased to FedEx Ground on a net lease. The recently extended lease expires in August 2029 and comes with two, 5 year option periods. The lease is corporately guaranteed. The asset is well located in Mason City, Iowa with easy access to US-18.