Own a property leased to the U.S. Postal Service
Anyone can own one of 25,000 buildings leased to the U.S. Postal Service. Returns can be 8-20%+, the rental income is backed by the U.S. government. Post offices come in all different sizes, and prices can range from a few thousand to several millions of dollars to satisfy all investment objectives.
Eagle Grove, IA
$120,000
Eagle Grove is the largest city in Wright County with a population of 4,338. It has never been on any list for closure, consolidation, or reduced hours. This is a full 8 hour per day post office, plus Saturdays and the post office box lobby is open 24 hours per day, 7 days per week. The rent per SF was well under market so provided a great opportunity to negotiate a new lease.
Interior: 2,480 sq ft, Lot: 10,000 sq ft, Income: $16,000, Term: 10/1/10 — 9/30/15, Options: None
Carrollton, OH
$355,000
This is a level 18 post office servicing 8 rural routes with 4,500+ deliveries. There is NO termination clause and the owner put in a new roof in September 2019 for $25,000. The USPS covers all maintenance and the Landlord is responsible for annual taxes of ~$1,400. The 5 year option starting 9/1/2020 for $44,035 has already been exercised.
Interior: 1,230 sq ft, Lot: 6,592 sq ft, Income: $40,032, Term: 9/1/15 — 8/30/21, Moved-in: May-1969, Options: $44,035.
