UPS

Lowest
Cap Rate

5.50%

Lowest cap rate over past 24 months

Average
Cap Rate

6.75%

12 mo avg with 5+ yr lease term

Overview

The UPS Store locations are typically found in inline retail centers or end-cap units of neighborhood plazas, with occasional standalone pad sites. Leases are usually triple net (NNN) with periodic rent bumps and modest landlord responsibilities for CAM in retail centers.

Most leases are franchisee-guaranteed, though many franchisees operate multiple units. While UPS owns the brand, it does not typically guarantee individual leases — a key point for investors to verify.

Average Property & Lease

Average Sale Price	$500,000 - $1,400,000
Average NOI	$35,000 - 90,000
Building SF	1,000
Lease Term	10 Years
Escalations	10% Every 5 Years
Stock Symbol	NYSE:UPS

CREDIT RATING

S&P	A
Moody's	A2

TENANT DESCRIPTION

The UPS Store operates under United Parcel Service (UPS) and serves as the brand’s retail-facing shipping and print center division. It is one of the most recognized names in small business services, with offerings that include packaging, shipping, printing, notary, mailbox rental, and logistics.

Founded	1980
Headquarters	San Diego, California
Number of Locations	5100
Revenue	$2 B
Company Website	https://www.theupsstore.com
Key Principal	Carol Tomé

UPS

Lowest Cap Rate

5.50%

Average Cap Rate

6.75%

Overview

Average Property & Lease

CREDIT RATING

S&P

A

Moody's

A2

TENANT DESCRIPTION

PROS

CONS

COMPANY QUICK STATS

Lowest
Cap Rate

Average
Cap Rate