Amazon Go

15518 Meridian E, Puyallup, WA 98375

$5,740,000

Cap Rate 5.30%

Views: 80 Updated: 12.20.23 Posted: 11.02.23 Status: Inactive

Summary

Price $5,740,000	Built/Renov 2023	Tenant Amazon Go
Cap Rate 5.30%	Lease Type NN+	Guarantor Corp T and Rated
Size/SF 6,000	Lease Start 12-01-2023	#Units 44
Price/SF $956.67	Expiration 11-30-2033	Tenant Type Convenience/Gas
NOI $304,200	R. Term 8.11	Ownership Fee Simple
Rent/SF $50.70	Increases 10.0%/5/yrs	Pop 5Mi 182,676
Lot/AC 0.92	Options 4/5yrs/10%	AHHI 5Mi $122,425

Lease Highlights

Amazon Go recently signed a brand-new 10 year lease with 4 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and each option
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease | Investment grade tenant (S&P:AA)

Location Description

Amazon Go is strategically located on Meridian East, with excellent visibility and access to 42,075 vehicles passing by daily. The property benefits from a prime location in a well-established retail area, adjacent to Sunrise Village, Rainier View Marketplace, Meridian Town Center, Meridian Place, South Hill Center, and South Hill Village. The immediate trade area is anchored by major national...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 10+ yr lease
Traded and rated company
Investment grade tenant

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Links

Amazon Go Wikipedia Amazon Go Wikipedia Puyallup, Washington Zip Code 98375 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Amazon Go
Guarantor:Corp T and Rated
Company:Amazon.com, Inc.
# Units:44
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 :	9,047	101,859	189,619
2023 Total Population :	8,887	99,334	185,488
2023 Employed Civilian Pop :	4,281	47,652	88,271
2023 Total Businesses :	306	1,655	3,146
2023 Average Household Income :	$ 129,238	$ 128,774	$ 128,718
2023 Total Consumer Spending :	$ 343 M	$ 3700 M	$ 7072 M
2023 Median Age :	37	35	37
2023 Total Households :	3,116	33,459	63,975
2023 Pop Age 25+: Bachelor's Degree :	1,217	12,230	22,175
2023 Average Home Value :	$ 480,531	$ 495,641	$ 507,354

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
156th St E	E Meridian Ave	2017	2,075	0.03 mi
E Meridian Ave	156th St E	2012	40,000	0.04 mi
152nd St E	E Meridian Ave	2018	8,400	0.24 mi
160th St E	E Meridian Ave	2017	12,750	0.27 mi
160th St E	110th Ave E	2018	6,000	0.45 mi
152nd St E	95th Ave Ct E	2017	11,125	0.48 mi
East Meridian Avenue	147th St E	2021	37,222	0.56 mi
152nd St E	94th Ave E	2017	7,900	0.57 mi
110th Ave E	152nd St Ct E	2018	7,700	0.57 mi
152nd St E	111th Ave Ct E	2018	9,525	0.62 mi

Listing Broker

Lindsey Snider

Fisher James Capital

Contact

67 Listings
8740 Views
18 Sold

Putnam Daily

Fisher James Capital

Contact

91 Listings
11253 Views
24 Sold

Lindsey Snider

Lindsey Lantis Snider is a Partner at Fisher James Capital, advising institutional and private capital clients on the disposition and acquisition of leased investment properties nationwide. Lindsey has over 15 years of experience specializing in the sale of single tenant retail properties, multi-tenant shopping centers, sale-leaseback portfolio dispositions, and 1031 exchange transactions. Lindsey attended Santa Clara University and holds a Bachelor of Science from the business school with a m

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Putnam Daily

Putnam Daily is the Managing Partner at Fisher James Capital and provides services to private and institutional capital clients on the disposition and acquisition of leased investment properties. Putnam has extensive experience representing developers, owners, and private capital clients on the sale of single and multi-tenant commercial properties nationwide; with a focus on newly constructed retail, industrial, and medical opportunities, he has completed nearly $8 billion in transactions total

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