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Views: 229 DOM: 305 Updated: 11.15.24 Posted: 02.21.24 Status: Active

Summary

Price $5,512,000
Built/Renov 2024
Tenant Amazon (Last-Mile Delivery Station)
Cap Rate 6.25%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 50,000
Lease Start 04-01-2024
#Units 885
Price/SF $110.24
Expiration 04-30-2031
Tenant Type Industrial
NOI $344,500
R. Term 6.4
Ownership Fee Simple
Rent/SF $6.89
Increases 2.5%/1/yrs
Pop 5Mi 32,091
Lot/AC 22.90
Options 3/3yrs/2.5%
AHHI 5Mi $62,106

Lease Highlights

  • Brand-new 2024 construction
  • Amazon will be executing a brand-new 7-year lease with 3 (3-year) options to extend
  • The lease features 2.5% annual rental increases throughout the initial term and each option period
  • Corporate guarantee | Investment grade tenant

Location Description

Amazon is strategically located on Jack Wallace Blvd., providing direct access to U.S. Highway 82, a major east-west thoroughfare with a daily traffic count of 18,971 vehicles. The property joins Garan Manufacturing as the latest addition to NorthStar Industrial Park.. Moreover, it is conveniently located four miles north of Mississippi State University. The vicinity is encompassed by the...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Amazon
  • Guarantor:Corp T and Rated
  • Company:Amazon.com, Inc.
  • # Units:885
  • 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 : 8,339 31,687 39,878
2023 Total Population : 8,408 31,641 39,563
2023 Employed Civilian Pop : 3,141 13,116 16,820
2023 Total Businesses : 556 1,269 1,433
2023 Average Household Income : $ 57,005 $ 62,243 $ 64,132
2023 Total Consumer Spending : $ 150 M $ 697 M $ 912 M
2023 Median Age : 23 25 25
2023 Total Households : 2,967 12,689 16,103
2023 Pop Age 25+: Bachelor's Degree : 899 4,300 5,452
2023 Average Home Value : $ 312,091 $ 257,577 $ 247,577
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
College View Drive Wallace Cir 2018 1,900 0.04 mi
College View Dr Herbert St 2006 3,700 0.14 mi
Nash Street University Dr 2021 1,600 0.20 mi
College View Dr 2021 890 0.21 mi
Martin Luther King Jr Drive East Herbert St 2021 9,700 0.22 mi
N Nash St Division St 2018 1,500 0.22 mi
Wallace Cir Lundy Dr 2018 24,000 0.23 mi
College View Dr 2021 2,100 0.23 mi
University Drive Camp Ave 2021 4,500 0.25 mi
College View Dr 2021 850 0.25 mi

Listing Broker

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