115 Jack Wallace Blvd - Distribution FOR SALE


Starkville, MS 39759
$6,032,000 USD
570-762-6075
115 Jack Wallace Blvd, Starkville, MS for Sale
$6,032,000 USD
Distribution - FOR SALE
1/8
null | 6% Cap Rate

115 Jack Wallace Blvd
Starkville, MS 39759


HIGHLIGHTS

  • Corporate Guaranteed | Over 5 Years of Term Remaining | $15 Million Invested by Tenant | Expandable Up to 100,000 SF
  • NNN Lease | Fee Simple | Limited Landlord Responsibilities
  • Mississippi State University | NorthStar Industrial Park
  • Strong Demographics in 5-Mile Radius | Golden Triangle Corridor

OVERVIEW

The lease is guaranteed by Amazon.com, Inc. (NASDAQ: AMZN, S&P: AA), which fully funded $15 million in tenant improvements for the project. The site opened in April 2024 and was expected to create over 90 local jobs. The tenant has more than five years remaining on the lease, with three additional three-year extension options. The lease includes 2.5% annual rent increases throughout the remaining term, and option-period rents are set at 95% of Fair Market Value. The property sits on a 22.9-acre parcel and the building is expandable by up to 100,000 square feet.

FOR SALE DETAILS

PRICE

$6,032,000 USD

PRICE/SF

$121 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amazon Last-Mile Distribution Facility

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Freestanding, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1954

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

89

LAND DETAILS

LAND ACRES

22.92

LAND SF

998,395

ZONING

I

APN/PARCEL ID

115-21-010.00

ASK ABOUT THIS PROPERTY

Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

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Jack CornellSRS Real Estate PartnersMore Info
570-762-6075

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.