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) • Amazon 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 over 5 years remaining with 3 (3-Year) options to extend • The lease features 2.5% annual increases throughout the remaining term and increases in the options equal to 95% of Fair Market Value • The building is located on a 22.9 acre parcel and is expandable up to 100K SF

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

2024

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

335

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.