Why Invest in U.S. Post Offices?
Owning a United States Post Office is:
- A SOLID INVESTMENT
- OFFERS A GOOD RETURN
- GUARANTEED BY THE UNITED STATES POSTAL SERVICE
What You Should Know
Post Office buildings typically cost between $250,000 and $2,500,000
to purchase and the lease by the United States Postal Service
(USPS) is in full force prior to taking ownership. Features include:
1. Twenty year non-cancelable lease with two to four five-year
options.
2. Sites are located throughout the United States, usually in
small towns such as West Yellowstone, MT, Stanley, ID, Blairsden,
CA, and Wendover, NV.
3. Currently, returns for new units range from about 6.0% to
6.75% and prices are negotiated between the buyer and the owner/builder,
not the USPS. Existing post offices have returns of 7% and up.
4. The preferred building maintenance agreement states that
the USPS will be responsible for all maintenance except for the
roof system and building structure. Owners carry casualty and
liability insurance which cover most structural risks, and the
new roofs come with twenty- to thirty-year warranties.
5. Building sizes range from under 1,000 sq. ft. to 10,000 sq.
ft. on lot sizes ranging from under 3,000 sq. ft. to over three
acres. All lots are very large compared to the building in order
to allow for future expansion
6. All leases are flat throughout the base term and any increases
would come at the commencement of each option period. Currently,
fixed rate financing is available starting at about 6.5 %
7. Many leases contain purchase options which allow the USPS
to purchase the building during stated periods in the lease at
stated prices or at market value. History has shown that these
purchase options are rarely if ever exercised.
8. With new buildings, it is common to have purchase contracts
negotiated between the owner/builder and investor prior to completion
of the building and in many cases prior to the beginning of construction.
Typical construction time is six to nine months and closing occurs
only after the lease is in full force. |