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Views: 55 DOM: 202 Updated: 04.11.24 Posted: 10.27.23 Status: Active

Summary

Price $16,094,000
Built/Renov 2020
Tenant Amazon Delivery
Cap Rate 5.75%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 150,600
Lease Start 11-30-2020
#Units 775
Price/SF $106.87
Expiration 11-30-2030
Tenant Type Industrial
NOI $925,425
R. Term 6.6
Ownership Fee Simple
Rent/SF $6.14
Increases 1.5%/1/yrs
Pop 5Mi 81,898
Lot/AC 2,636.00
Options 2/5yrs
AHHI 5Mi $71,554

Lease Highlights

  • Amazon has 6+ years remaining on this lease with 2 (5-year) options to extend
  • The NN lease features 1.5% rental increases annually
  • Modern Class-A features | 2020 construction | Significant tenant investment
  • Corporate guaranteed lease
  • Amazon is an investment grade tenant (S&P: AA)

Location Description

Amazon is strategically situated just off Airport Expressway, which averages a daily traffic count of 20,900 vehicles. The property offers excellent visibility and multiple points of ingress and egress. The Airport Business Center trade area is supported by a variety of credit industrial users, including Pepsi, Coca-Cola, BAE Systems, Do Good Foods, General Motors, and the Amazon Fulfillment...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Amazon Delivery
  • Guarantor:Corp T and Rated
  • Company:Amazon.com, Inc.
  • # Units:775
  • Tenant S&P: AA
  • Moody’s: A1
  • Stock: NASDAQ: AMZN

About Tenant

Amazon.com, Inc. is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming and artificial intelligence. Amazon.com, Inc....


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 640 15,283 82,562
2023 Total Population : 641 15,179 81,898
2023 Employed Civilian Pop : 275 7,829 40,180
2023 Total Businesses : 90 651 2,900
2023 Average Household Income : $ 46,439 $ 65,640 $ 71,554
2023 Total Consumer Spending : $ 14 M $ 401 M $ 2128 M
2023 Median Age : 36 42 37
2023 Total Households : 347 6,951 33,899
2023 Pop Age 25+: Bachelor's Degree : 53 1,786 10,503
2023 Average Home Value : $ 158,333 $ 199,347 $ 195,565
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Airport Expressway Airport Dr 2021 14,228 0.32 mi
Dalman Rd Aviation Dr 2008 11,400 0.46 mi
Dalman Rd Ardmore Ave 2008 12,900 0.47 mi
Airport Expressway Avionics Dr 2021 21,075 0.49 mi
Smith Road Dalman Rd 2021 2,680 0.57 mi
ARDMORE AVE BETWEEN AIRPORT EXPRESSWAY AND VANGUARD DR Earhart Dr 2021 4,936 0.59 mi
Baer Rd Dalman Rd 2008 4,500 0.63 mi
Ardmore Avenue 2008 4,300 0.75 mi
Lower Huntington Road Kilbourn Dr 2021 3,840 0.75 mi
Local Vanguard Dr 2020 5,028 0.79 mi

Listing Broker

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