• 5.3-YEAR LEASE TERM (ONE, 5-YEAR RENEWAL OPTION REMAINING)
• 100% LEASED TO CREDIT TENANCY
• MOBILE, ALABAMA – 5.5% VACANCY
• 90% MARK-TO-MARKET POTENTIAL
PRIMARY CONTACTS
JIM FREEMAN
Managing Director jim.freeman@jll.com
404.995.2399
MAGGIE DOMINGUEZ
Managing Director
maggie.dominguez@jll.com
678.378.4593
BRITTON BURDETTE
Senior Managing Director britton.burdette@jll.com
404.995.2302
DENNIS MITCHELL
Senior Managing Director
dennis.mitchell@jll.com
404.797.4004
DEBT + STRUCTURED FINANCE
BOBBY NORWOOD
Managing Director
bobby.norwood@jll.com
404.460.1652 LEASING CONTACTS
ALLEN GARSTECKI
Executive Vice President allen.garstecki@jll.com
251.301.7369
DEAL SUPPORT
SIBLEY BROWN
Analyst sibley.brown@jll.com
404.426.0008
JLL INDUSTRIAL CAPITAL MARKETS SOUTHEAST TEAM
DENNIS
EXECUTIVE SUMMARY 3
THE OFFERING
- 6752 Trippel Road Theodore, AL 36582
Jones Lang LaSalle America, Inc. (“JLL”) has been exclusively retained by ownership as the sales representative for FedEx Ground Package System, Inc., also known as “the Property” – a cross-dock distribution facility totaling 193,775 square feet located in Mobile, Alabama. The Property features 104 trailer spaces, 25′ minimum clear height, 120-210′ truck court with 50’ concrete apron, and standing seam metal roof. The Property is 100% leased to FedEx Ground, a wholly owned subsidiary of FedEx Corporation (NYSE: FDX | $87.93B 2025 Rev | BBB S&P | Baa2 Moody’s) with a 5.3-year lease term and one, 5-year fixed renewal option remaining. The facility is strategically positioned along Interstate 10, one of Mobile’s major logistical thoroughfares, providing direct access to the Port of Mobile, located only 15.7 miles away, and the broader Gulf Coast region.
The Property provides investors with the ability to acquire a fully stabilized asset in one of the most well-located distribution locations in the market. The Port of Mobile is one of the most efficient and accessible ports in the nation and the deepest port in the Gulf. Having seen 202% TEU growth over the last decade, the Port of Mobile is the 2nd fastest growing terminal in the country with a need for significant expansion of the industrial base to service the Port. The Mobile industrial market boasts a 5-year average vacancy rate of 5.1% and current vacancy of 5.5%, remaining a historically tight market and with substantial tenant demand driven primarily by port-related users.
CLASS A, BULK INDUSTRIAL BUILDING WITH STATE-OFTHE-ART FEATURES:
• 193,775 square feet
• Steel frame, pre-engineered construction
• Cross-dock configuration
• 25′ minimum clear height
• 120’-210’ with 50’ concrete apron
• Standing seam metal roof
• 280′ building depths
• Fully sprinklered
• 406 auto parking (8 handicap spots included) and 104 trailer parking
FINANCIAL HIGHLIGHTS:
• 100% leased to FedEx Ground Package System, Inc., an investment grade and nationally recognized tenant, with 5.3-year lease term and one, 5-year fixed renewal option remaining
» FedEx (NYSE: FDX) is one of the largest delivery companies in the U.S.
» $87.93B 2025 Rev | BBB S&P | Baa2 Moody’s
» #46 on the 2024 Fortune 500 list
» #17 on the Fortune World’s Most Admired Companies Listmarking the 24th consecutive year FedEx has been ranked in the top 20
• 47.4% below market rents
• NNN lease with limited landlord responsibilities
INVESTMENT HIGHLIGHTS
MARKET FUNDAMENTALS: STRATEGIC PORT ADVANTAGE:
• Class A properties make up only 9.0% of the Mobile industrial market, further increasing tenant demand for Mobile, Alabama
• 39.5 MSF total inventory
• $7.41 PSF average asking rent
• 722KSF under construction (69% pre-leased)
• 631K SF of absorption across key competitors’ buildings in 12 months
AIRBUS:
• Opened in 2015, Mobile was Airbus’ first commercial aircraft production site in the country
• The U.S. Manufacturing Facility in Mobile is a $600 million, 53-acre site that produces A320 Family aircraft
• Invested over $1B in the current manufacturing facility
• Plans to double production space with the completion of over a dozen new structures
» 3rd final assembly line brought 1,000 additional jobs in Q3 2025
» Total footprint in Mobile will soon exceed 1MSF
• Currently employs 2,000 people in Alabama, with expansion plans to increase this to 2,800
• Mobile remains Alabama’s only deep-water port, providing unparalleled logistics connectivity with access to five Class I railroads, four short-line railroads, nearly 15,000 miles of inland waterways, and air, truck, and barge routes
» The Port of Mobile is the second-fastest-growing port in the nation, supporting more than 351,000 jobs—approximately one in seven across Alabama. Its continued expansion has generated over $98 billion in economic value from just a five-mile stretch along the Mobile River, driving local economic growth and enhancing the region’s overall quality of life
• Over $1.4 B invested in port upgrades, including super post-Panamax cranes and expansion to 1 million TEU annual capacity in 2025
• The harbor deepening/widening project, completed in 2025, has further enhanced large-vessel access and shipping efficiency
• The Alabama Port Authority’s new inland intermodal facility in Montgomery (CSX-served) will strengthen Mobile’s reach across the Southeast
PROPERTY OVERVIEW
PROPERTY SPECS
Building Name FedEx Ground
Address 6752 Trippel Road, Theodore, AL 36582
Building SF 193,775
Year Built 2016
Clear Height 25’ minimum
Construction Type Steel frame, pre-engineered
Configuration Cross dock
Roof Standing seam metal roof
Dock-High Doors 37
Drive-In Doors 7
Building Depth 280’
Truck Court Depth 120’-210’ with 50’ concrete apron
Auto Parking 406 (8 handicap spots included)
Trailer Parking 104
Column Spacing 48’ wide x 48’ deep (42’ deep at speed bays)
Fire Prevention Wet sprinkler system
Warehouse Lighting Various ceiling mounted fluorescent lighting
With 50’ Concrete Apron
700+ DISTRIBUTION HUBS AND LOCAL PICKUP AND DELIVERY STATIONS
150,000+ EMPLOYEES IN NORTH AMERICA
• FedEx Ground is a subsidiary of FedEx Corporation and a top U.S. small-package ground delivery company, providing fast and reliable service to businesses and consumers nationwide.
• Operates over 700 distribution hubs and local pickup-and-delivery stations, employing more than 150,000 people across North America.
• Specializes in cost-efficient, high-volume e-commerce and business-to-business delivery, making it the fastest-growing division within FedEx.
• While FedEx Ground operates as a separate subsidiary, it is backed by the financial strength of FedEx Corporation (NYSE: FDX), which maintains an investment-grade credit rating (S&P: BBB / Moody’s: Baa2)
• Known for consistent growth, strong profitability, and strategic facility placement near major transportation corridors to optimize last-mile delivery efficiency.
$87.9 BILLION REVENUE, 2025 (0.23% GROWTH YOY)
NAMED TO FORTUNE’S “WORLD’S MOST ADMIRED COMPANIES”
90+ BILLION GLOBAL TRANSPORTATION AND LOGISTICS POWERHOUSE
SERVING MORE THAN 220 COUNTRIES AND TERRITORIES WORLDWIDE
Founded in 1971 and headquartered in Memphis, Tennessee, FedEx Corporation employs approximately 530,000 people across multiple operating companies including FedEx Express, FedEx Ground, FedEx Freight, and FedEx Logistics.
• Publicly traded on the NYSE with a market capitalization exceeding $60 billion, FedEx is investment-grade rated (S&P: BBB / Moody’s: Baa2) and consistently ranks among the Fortune 100.
• FedEx’s integrated air, ground, and freight networks enable end-to-end logistics solutions and industry-leading delivery reliability.
MARKET OVERVIEW
MOBILE MSA FAST FACTS
Port of Mobile is the 9th Largest Deepwater Port in the US. In 2022, the Port generated $98.3 billion in economic value, an increase of approximately $13 billion from the previous year. The Port is undergoing an expansion project; a significant initiative designed to deepen the Port’s shipping channel from 45 feet to 50 feet and widen it over a three-mile section. This project will improve transportation efficiency, enhance the port’s capacity to accommodate larger cargo volumes while improving operational efficiency, stimulate economic development across Alabama, and further position the Port of Mobile as a key player in global trade.
Since 2015, Airbus invested over $1 billion to their facilities in the Mobile region, supporting over 12,000 jobs, and representing one of two locations in the world that facilities the A220 Final Assembly production line.
2ND
LARGEST MSA IN ALABAMA # 9
LARGEST PORT IN THE UNITED STATES by tonnage
84.1
COST OF LIVING SCORE 18% lower than the national average // bestplaces.net
Mobile is home to several institutions of higher learning including the University of South Alabama, which generates an annual economic impact in excess of $3 billion and enrolls over 16,000 students. The Mobile County Public School System represents the region’s largest employer serving over 55,000 students.
TOP 15
LOWEST COST OF LIVING MID-SIZED CITY ACCRA
411k+
RESIDENTS IN MOBILE METRO AREA
TOP 5
NORTH AMERICAN CITIES OF THE FUTURE fDi Intelligence magazine 2019-2020 # 1
LARGEST SCHOOL SYSTEM IN THE STATE Mobile Chamber of Commerce
MARKET EXPANSION
MOBILE MSA
• Among the nation’s fastest growing and most livable metros, supported by a low cost of living, diverse industry base, and robust employment opportunities across professional and skilled sectors
ECONOMY
• According to an economic impact study by Auburn University at Montgomery, Mobile is the most diverse economy in Alabama
• Over the last decade, Mobile’s economic development efforts garnered $8.47 billion in capital investment and 15,771 jobs at new and existing companies
• The newly created jobs averaged an annual salary of $45,824 and resulted from the recruitment of 35 new companies to the area, along with expansions by 75 existing Mobile-area businesses
• The metro area is currently home to 37 aerospace companies including the headquarters for Airbus US Manufacturing
» Mobile is home to Airbus’s first production site in America — a $600 million, 53-acre assembly plant located at Mobile Aeroplex at Brookley
• From 2020 to 2024, the civilian labor force grew by 141% and the average household income has grown by 9% to $88,131
PORT OF MOBILE
• 9th largest port by volume in the United States
• Global deep-water gateway for the state
• The channel is 45-foot wide and has a 1,000-foot turning basin which makes it Panamax capable
• APM Terminals implemented $50 million of improvements to the Port of Mobile facilities, expanding the container yard by 20 acres and adding two super-Post Panamax cranes.
» Phase IV will incorporate a $104M expansion, adding 32 acres
• Served by 12 shipping lines, the most frequent import and export commodities transferring through the port are coal, aluminum, iron, steel, lumber, wood pulp, and chemicals
• As of late 2025, the Corps started the contracting and construction phases on the $365.7M project to take the port’s federal channel from a depth of 45-feet to 50-feet, while having a 1,000-foot turning basin, making it Panamax capable
» The project is expected to be completed the end of 2025 and will establish the Port of Mobile as a globally competitive trade center
MOBILE INDUSTRIAL MARKET
Demand drivers and limited Class A availability
• Class A properties make up 9% of the Mobile industrial market, creating strong tenant demand for bestin-class facilities
» Vacancy rate is currently 2% for competitive properties
• Mobile has remained a historically tight market with a 5-year vacancy rate of +/- 5%
» Currently, the overall vacancy sits 5.5%, compared to the U.S. industrial average of 7.5% - 200 bps lower, reflecting the area’s resilient occupancy and tenant retention
• Market rents average at $7.41 PSF, making an impressive 36% rent growth since Q4 2021 – driven by strong port-related logistics demand and limited new Class A supply
• Industrial listings in Mobile average just four months on the market, versus a national average of seven months, highlighting robust absorption, steady deal velocity, and deep tenant demand for quality space in Mobile, AL
Airbus’ plant, located just 15 minutes from FedEx Distribution Center, covers one million square feet and produces over twenty A320 and A220 aircrafts a month
Amazon has built a 380k SF distribution facility directly adjacent to FedEx Distribution Center
2.5 MSF 5 miles from FedEx Distribution Center
$5 billion steel plant in Northern Mobile
PREMIER LOGISTICAL LOCATION
Connectivity
• The Port of Mobile offers direct access to:
» 5 Class 1 railroads – with easy reach to Mexico, Canada, and the Midwestern and Southeastern United States
» 4 short-line railroads including port-owned and operated terminal railroad
» One marine highway to Mexico
» I-10 and I-65 interstate highways
Over 15,000 Miles Of Inland And Intracoastal Waterways
Economic Development
• $1 billion in capital improvement projects planned for the next ten years
• Ranked as the second fastest growing port in the country over the last decade (Forbes)
• The port handles over 55 million tons of international and domestic cargo, with an economic impact of about $100 billion
$104 Million 32 Acre Phase IV Terminal Expansion
• Late 2024 launch of the interterminal connector bridge, unlocking direct on-dock rail access and initiating Phase IV of the Port’s container terminal expansion to exceed 1 million TEUs
• $104 million public–private investment between the Alabama Port Authority and APM Terminals Mobile, expanding the terminal by 32 acres to a total 166-acre footprint, on track for completion by late 2025
• Strategic expansion ensuring the Port of Mobile remains a premier, sustainable logistics hub supporting global trade and long-term business growth
PORT
Deepest Port on Gulf of Mexico
• Rail & Intermodal Access: Five Class 1 and four short-line railroad connections, plus port-owned terminal with 100 cars and 75 miles of track. On-dock rail services provide direct access to Southeast and Midwest markets.
• Mexico Connectivity: Rail ferry service to Mexico operates every 4 days.
• Dual Port Operations: Port of Mobile (50-foot depth) and Theodore Industrial Canal (40-foot depth), with harbor improvements completing early 2025.
ROAD
Access to I-10 and I-65
• I-65 connects Alabama’s 10 largest cities
• I-10, located adjacent to FedEx Distribution Center, runs from Jacksonville, FL to Santa Monica, CA
• 45-minute turnaround time in port
• One-half of the U.S. Population can be reached within 1 day’s drive
AIR Direct access to 2 airports
• $380M+ five-gate terminal at Mobile International Airport (BFM), expanding to 12 gates by Fall 2026
• 1,200-space parking garage and apron work underway as part of the Brookley Aeroplex expansion
• Home to Airbus Final Assembly, ST Aerospace, and Continental Motors, solidifying Mobile’s global aerospace hub status
• 600K+ annual passengers, enhancing connectivity for business and industry.
RAIL
9 Railroads - 5 Class 1 & 4 Short Lines
• Class 1 Rail: Norfolk Southern, CSX, Canadian National, BNSF, Kansas City Southern
• All rail converges at Port of Mobile
• Port owned and operated terminal railroad with 100 freight cars, 8 locomotives and
• 75 miles of track
The Port of Mobile handled over 560,000 TEUs in 2023 valued at about $22 billion. This accounts for a 10-year increase of 122%.
PORT OF MOBILE
• 2nd fastest growing port in the country over the past decade
• Encompassing 3,600 acres, the Port has 18 diverse cargo handling facilities, including 33 berths comprising 4 miles of berth length
• In 2025, the Port deepened, the Port deepened to 50-foot-deep waters, making it the deepest and 1st call of port in the Gulf of Mexico
• Recently opened a new, state-of-the-art $60 million roll-on/roll-off automotive terminal, further supporting the I-65 automotive corridor
• On dock rail in 2025 - $60 M investment for building a flyover bridge to connect rail terminal to the container yard
• $1.3B investment for addition of two (2) super Post-Panamax cranes and +32 acres will increase TEUs/yr capacity from 600k to 1M
• The Port produces $85B of economic impact to Alabama
• 2.4 MSF of covered warehouse space and 2.4 MSF of open storage area
$1.4 B INVESTED SINCE 2022
351,359 JOBS
$98.3B ECONOMIC VALUE TO ALABAMA 122% GROWTH OVER THE PAST DECADE
PORT OF MOBILE HISTORY
2000 - Alabama State Port Authority established.
JANUARY 2001 - The port announced the CG Railway rail ferry service between Mobile and Mexico.
JUNE 2003 - First refrigerated cargo terminal opened.
DECEMBER 2004 - McDuffie Coal Terminal expansion.
JANUARY 2001 - JULY 2005 - The Port embarks on a container intermodal investment program to meet shipper demand for containerized cargo services.
JULY 2007 - International Shipholding establishes the new CG Railway terminal and headquarters in Mobile.
JULY 2008 - Port’s grain elevator modernizes, bringing total annual throughout capacity to 3.3 million bushels.
NOVEMBER 2008 - The Alabama Port Authority and APM Terminals open APM’s new container terminal.
2010 - Port opened Pinto Island Terminal to handle steel.
JUNE 2010 - Port opens Arlington Park and conveys the public waterfront asset to the City of Mobile.
OCTOBER 2010 - Officials christen the port’s new post-Panamax turning basin at the Port of Mobile.
OCTOBER 2011 - Port announced $360 million in capital investment over the next five years to improve infrastructure through land acquisition, new rail and intermodal and cargo.
JUNE 2012 - First post-Panamax container ship calls the Port of Mobile.
JANUARY 2015 - A new $36 million steel coil handling facility opened at the Port of Mobile in a joint venture with Alabama Steel Terminals, LLC.
JUNE 2015 - Alabama Port Authority and APM Terminal expand the container terminal. The following year, ocean carriage services were expanded into Asia and Europe, and the Intermodal Container Transfer Facility (ICTF) opened with CN service into Memphis, Chicago and Canada.
JULY 2017 - APM Terminals adds two new super post-Panamax ship-to-shore container cranes to service larger container ships calling the port.
JUNE 2018 - Port earned Green Marine certification.
SEPTEMBER 2018 - Port announced MTC Logistics, Inc.’s $58 million cold storage facility to support the refrigerated poultry industry.
SEPTEMBER 2019 - Port entered into agreement with the U.S. Army Corps of Engineers to construct a new turning basin and to deepen and widen the Mobile ship channel to service super post-Panamax ships.
MARCH 2020 - Port of Mobile welcomed the MARAN COURAGE, the largest bulk carrier ever to transit the port.
MAY 2021 - Construction begins to deepen and widen the Port of Mobile’s harbor and channel to -50 feet by Q1 2025.
2025 - ON DOCK RAIL BY 2025 - $60 M investment for building a flyover bridge to connect rail terminal to the container yard
ALABAMA PORT AUTHORITY INLAND DOCKS
BRIDGEPORT
Mile 414 on the Tennessee River.
• Approximately 14 acres of noncontiguous land
• 50′ x 60′ reinforced concrete dock
• 500 feet of water footage
• Near U.S. Highway 72
• Truck scales
• Near CSX railroad
CORDOVA
Mile 416.5 on the Mulberry Fork of the Black Warrior River.
• 54′ x 52′ reinforced concrete dock with mooring dolphins
• 24,000 SF steel frame, metal-clad warehouse
• 50-acre industrial site
DEMOPOLIS
Mile 215 on the Tombigbee River, approximately two miles downstream from the junction of the Tenn-Tom Waterway System.
• 362,322-bushel capacity grain elevator
• 60′ x 30′reinforced barge dock with mooring dolphins
• 60-ton truck sales
• Norfolk Southern spur tracks
• 15 acres of industrial site
SELMA
Mile 218.8 on the Alabama River.
• 65′ x 60′ reinforced concrete dock
• 37 acres for industrial sites
• 1,000′ water frontage
• Crane pad 1 5 2 6 3 7 4 8
MONTGOMERY
Mile 289 on the Alabama River in the capital city of the state.
• 94,429-bushel capacity grain elevator
• CSXT rail spur on property
• Near Alabama Highway 143 and Interstates 65 and 85
• 65′ x 60′ open dock
EUFAULA
Mile 91 on the Chattahoochee River.
• 54′ x 36′ reinforced concrete dock
• 24,000 SF, rigid frame warehouse
• Office with 16′ x 20′ capacity
• 40′ x 24′ garage
• 50-ton truck scales
• Norfolk Southern spur tracks
• Approximately 12-acre industrial site with water frontage
COLUMBIA
Mile 49.1 on the Chattahoochee River, 18 miles east of Dothan.
• 572,160-bushel grain elevator
• 210′ x 52′ reinforced concrete barge dock
• 24,000 SF, rigid frame warehouse
• 57-acre industrial site with frontage on the Chattahoochee River
• Norfolk Southern spur tracks
• 50-ton truck scales AXIS
Mile 25.1 on the Mobile River.
• Access to Highway 43
• Dock is 1,200 feet, which includes a barge haul system
AIRBUS ALABAMA-AIRBUS U.S. MANUFACTURING FACILITY
• Airbus is actively expanding its U.S. manufacturing footprint in Mobile, doubling production space at its Alabama facility through over a dozen new structures.
• The new A320 final assembly line (FAL) has “topped out,” with construction progressing toward late-2025 handover.
• Mobile now delivers Airbus A220s: the 100th A220 built at its facility was recently delivered to Breeze Airways.
• The Mobile campus also supports A320 manufacture; the expansion supports Airbus’s global objective to reach 75 A320 deliveries/month by 2027.
• To date, Airbus has delivered more than 400 aircraft from its Mobile plant (A220 + A320) since operations began.
• Airbus has invested > $1 billion in its Alabama facility.
• Staffing in Alabama lands around 2,800 employees at its aircraft production and engineering sites.
• The new third A320 FAL (≈ 350,000 SF) is expected to generate approximately 1,000 new jobs, boosting total workforce at the plant to ~2,800 (or more).
• Recently, Airbus opened a new ~17,000 SF hangar adjacent to Mobile Regional Airport, expanding its satellite facility (total ~62,000 SF) with ~150 staff, with continued growth planned.
11% OF A320S produced in Alabama (7)
63 A320s produced monthly worldwide
Enlarging production facility WILL INCREASE A320 CAPACITY TO 20
AIRCRAFT MANUFACTURER STANDING
Mobile, Alabama ranked as the 4TH LARGEST AEROSPACE manufacturing facility in the world
TOP OPERATIONS
AUSTAL SHIPBUILDING
• Headquartered in Mobile, one of the largest shipbuilding manufacturers in the USA
• One of Mobile’s top employers with over 4,000 employees
• Purchased an additional 15-acres of land, dry docks, and buildings in Mobile for $10 Million
• Located across the river, the acquisition will increase the ability of Austal USA to expand its aluminum, steel and repair operations in a vital part of the United States that, boasts a rich tradition of shipbuilding and repair work
• In June 2020, Austal announced the intention to spend $100 million in shipyard expansion
• The US government provided a $50 million federal grant to Austal under the Defense Production Act
• This will be a huge addition to Austal’s manufacturing presence and bring their headquarters in Mobile up to 164 acres of land
4,000+
EMPLOYED IN MOBILE
$100 M
SHIPYARD EXPANSION INVESTMENT IN 2020
$10 M
INVESTMENT IN LAND, DRY DOCKS, AND BUILDINGS IN 2023
AEROPLEX AT BROOKLEY
• A former U.S. Air Force base located near downtown Mobile, Brookley Aeroplex has been transformed into a 1,700 acre industrial and trade aeroplex
• 9,618-foot and 7,800-foot runways able to accommodate the largest aircrafts
• Direct service is provided by two railways, including CSX, which connects the aeroplex to the Port of Alabama
• The site also hosts the commercial Mobile Downtown Airport and regional cargo service for FedEx
• Located directly off I-10, the Aeroplex at Brookley will accommodate the regional passengers that have previously flown out of Pensacola or New Orleans
• The Federal Aviation Administration announced an $8.8 million grant to rehabilitate a runway at the airport as part of this proposal
1,700 acre
INDUSTRIAL AND TRADE AEROPLEX
Directly off I-10
BETWEEN SALP BLVD. AND THE PORT OF MOBILE
2 railways
CONNECT THE AEROPLEX TO THE PORT OF MOBILE
NEARBY OPERATIONS
Novelis breaks ground on $4.1 Billion aluminum manufacturing facility
“Bay Minette will be a true plant of the future, combining our decades of experience with the latest technology to improve safety, efficiency and the sustainability of our products. We’re not just building a plant. We’re building a future for hundreds of individuals and families.
Steve Fischer (President & CEO, Novelis)
• 1,000 Direct new jobs
• 900 Indirect new jobs
• $6.5 Economic output
• $4.1 Billion in capital investment
• 3,000 Acres
Aldi opens $100 Million distribution center, regional HQ
“We are ready to bring the Aldi difference to new markets in Alabama, like Baldwin County. We’re ramping up our expansion plans to meet the growing demand along the Gulf Coast.
Dan Gavin
(Vice President of Real Estate, Aldi)
• Over $8 Million in direct benefits
• 200 New jobs
• $100 Million in capital investment
Novelis purchased 3,000 acres in Bay Minette and began construction on the facility in October 2022. The plant, which is estimated to be able to produce “600 kilo-tonnes” of material for beverage packaging and car companies in America, is the largest project in Novelis’ history. Novelis Bay Minette will be the first fully integrated aluminum mill built in the United States in 40 years and will be primarily powered by renewable energy, use recycled water and be a zero-waste facility. Expected delivery Q4-2026.
Aldi purchased 160 acres in Loxley’s industrial and warehousing district and has completed construction on a 564,000 SF, $100,000,000 facility that will serve as the Southeast HQ and a regional distribution center supporting their growing footprint in the Southeast. This distribution center will serve new stores in Alabama, Louisiana, and Florida. Delivered January 2023.
AUTOMOTIVE INDUSTRY - ALABAMA
Alabama’s transportation equipment is its top export, with over $14 billion shipped annually to more than 70 nations. The state’s automotive manufacturers produces 15 different passenger vehicle models, including three electric vehicles. The Port of Mobile serves as a crucial hub for shipping automobiles and parts, supporting the industry’s supply chain. The automotive sector has driven economic growth, created job opportunities, and solidified Alabama’s position in the global market.
Automobile & Light Duty Motor Vehicle Manufacturing is Alabama’s second largest industry with $21.3 in projected revenue for 2024. International automakers in Alabama employ over 18,000 people, have invested $14.2 billion in projects, and produce nearly 1,000,000 cars each year. Alabama is a top five state nationally for automotive production and the number one state for automotive exports.
ECONOMIC DEVELOPMENT
MERCEDES – Investing $1 billion into manufacturing electric SUVs with EV batteries from Alabama
NEW FLYER OF AMERICA - Expanded factory for next-generation city electric buses
WESTWATER RESOURCES INC - $124 million graphite processing plant at a 43,000-acre graphite deposit
SHAPE CORPORATION – Opened a $74 million production facility creating over 100 jobs
TOYOTA – Began production after a $222 million facility investment
AIDT – Announced plans to build a $30 million workforce training center for electric vehicles
HYUNDAI MOBIS – Plans for a $205 million EV battery module plant employing over 400 people
Port of Mobile recently completed a state-ofthe-art $60 M vehicle roll-on/roll-off terminal offering unsurpassed connectivity for automobile equipment transportation
AUTOMOTIVE SUPPLIERS
• Kamtek
• SMP
• Lear
• Johnson Controls
• Eissman
• Yoruzu
• BOCAR
• Nemak
• Hwashin
• Hanwha
• MOBIS
• Newman Technology
• DAS • Grupo Antolin
• GuyoungTech
• Truck & Wheel Group
• Brose • Boysen • AJIN
Shinhwa
THE I-65 AUTOMOTIVE CORRIDOR
• The I-65 is a critical thoroughfare connecting major metro markets in Midwest to the Southeast
• Also known as the “Auto Alley” for its concentration of automotive-related industries
» Automotive parts suppliers such as Faurecia, Lear Corporation, and Magna International are in this region
• I-65 creates convenient access to major automotive markets in the Midwest and South making it an ideal location for automotive companies to distribute their products
• Situated at the beginning of I-65, Mobile's location makes it a strategic location for automotive companies
» 6 ongoing projects in AL totaling more than $1.6B in investment
» Automobile and vehicle manufacturing is Alabama’s 2nd largest industry
» I-65 is the busiest interstate in Alabama connecting the state's 10 largest cities
In support of the strong and growing automotive industry throughout this corridor, The Port of Mobile's $60 M automobile investment will offer an additional 40,000 SF vehicle processing center with storage capacity for 7,00 vehicles and the power to move 150,000 vehicle units per year
FINANCIAL OVERVIEW 27
LEASE ABSTRACT
Tenant FedEx Ground Packaging System, Inc.
Lease Commencement April 1, 2016
March 31st, 2031
Lease Expiration
(expiration date will become March 31st, 2036 when they exercise their final remaining renewal option)
Leased Square Feet 193,775
Lease Structure NNN
TENANT RESPONSIBILITIES
During the Lease Term Tenant, at its sole cost and expense, shall keep the Premises in a clean and orderly condition and, subject to the provisions of this Lease, shall perform all maintenance and repair the Premises occasioned by Tenant’s negligence or misconduct. Tenant shall also perform the following, at its sole cost and expense: (A) replace light bulbs and ballasts; furnace and air conditioning filters, belts, and refrigerant; fuses and circuit breakers; broken glass, window and door hardware; (B) preventative maintenance on overhead doors and the heating, ventilating and air conditioning systems; (C) keep gutters and downspouts cleared of debris, (D) landscaping maintenance, grass mowing, routine vegetation maintenance (watering, fertilizing, weed control, mulching, etc.); and (E) similar tasks of routine maintenance and repair. If Tenant fails to perform its maintenance and repair obligations within fifteen ( 15) days after Landlord’s delivery to Tenant of notice of the need therefor, then Landlord shall have the right, upon delivery of three (3) business days’ notice to Tenant, to perform all or part of such maintenance and repairs, at the sole cost and expense of Tenant, and Tenant shall reimburse Landlord for such costs and expenses within thirty (30) days after Landlord’s delivery to Tenant of an invoice therefor.
LANDLORD RESPONSIBILITIES
Landlord, at its sole cost and expense and except as otherwise expressly made the obligation of Tenant under the provisions of Section 12, shall perform during the Lease Term all necessary maintenance, repairs and replacements with respect to all of the following portions of the Premises in accordance with the standards set forth in this Lease: (A) The structure and exterior of Landlord’s Building including, without limitation, the roof and roof membrane, walls, floors, load bearing and exterior walls, columns, under-slab utilities, foundations, supports, windows, overhead doors, skylights, roof vents, drains, downspouts; and during the first Lease Year only, landscaping (including replacement of dead vegetation that does not survive the first Lease Year, unless Tenant has failed to properly water the same), which landscaping shall comply with the requirements of all applicable governmental authorities and/or recorded covenants.
RENEWAL OPTIONS
Extension Terms: Tenant shall have the option to extend the Primary Lease Term for the extension periods set forth below (the “Extension Terms”), upon the terms of this Lease.
(A) Extension Terms: Two (2) Five (5) year options to extend, from:
1st Extension Term: April 1, 2026, through March 31, 2031 (Exercised on 9/4/2025)
2nd Extension Term: April 1, 2031, through March 31, 2036
(B) Exercise Date(s): Tenant shall deliver to Landlord notice of Tenant’s election to extend the Primary Lease Term and each Extension Term, as follows:
1st Extension Term: On or before October 1, 2025 (Exercised on 9/4/2025)
