7200 Chavenelle Rd - Warehouse FOR SALE


Dubuque, IA 52002
$13,892,000 USD
317-432-0943
7200 Chavenelle Rd, Dubuque, IA for Sale
$13,892,000 USD
Warehouse - FOR SALE
1/8
null | 5% Cap Rate

7200 Chavenelle Rd
Dubuque, IA 52002


HIGHLIGHTS

  • Link to Download Offering Memorandum: https://www.pcplistings.com/listings/7200chavenelle
  • HIGHLY SECURED LEASE W/ AMAZON | CREDIT TENANT | 2ND LARGEST COMPANY IN THE WORLD
  • “STICKY TENANT” | RECENT FIVE (5) YEAR EXTENSION | NNN LEASE | 2% ANNUAL INCREASES
  • MISSION CRITICAL MIDWEST “LAST MILE” DISTRIBUTION FACILITY = KEY AMAZON STRATEGY
  • HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDMAENTALS

OVERVIEW

The Offering CBRE, as exclusive advisor to Owner, is pleased to present the opportunity to acquire the fee-simple interest in a ±120,800 SF single tenant NNN leased industrial distribution facility. The property is 100% occupied by Amazon (NASDAQ: AMZN), a global leader in e-commerce, cloud computing (AWS), digital streaming, artificial intelligence, and logistics with 2024 annual revenues of ±$638 B, an investment grade S&P credit rating (AA), and the #2 ranking in the Fortune Global 500. Built in 2007, and heavily improved ($16 M + cap ex) by Amazon in 2021/2022, the ±120,800 SF building sits on a large 13.91-acre parcel. The building possesses state-of-the art features ideal for modern logistics operators. In early 2025, Amazon proactively renewed the lease an additional five (5) years to August of 2031 = ± 5.33 years remaining (as of 4/1/26 analysis start date).The Dubuque site is a mission critical last mile facility which ties directly into Amazon’s major strategic push to aggressively invest in mid-sized logistic hubs across the Midwest to offer rapid delivery in smaller markets and compete directly with Walmart’s historical dominance / market share in these areas. Investment Highlights HIGHLY SECURED LEASE W/ AMAZON | CREDIT TENANT | 2ND LARGEST COMPANY IN THE WORLD — The property is 100% leased to Amazon (NASDAQ : AMZN), a global leader in e-commerce, cloud computing (AWS), digital streaming, artificial intelligence, and logistics with 2024 Annual Revenues of ± $638 B and an S&P Credit Rating = AA (Investment Grade Credit). Amazon is the #2 company in Fortune Global 500 (2nd Largest company in the world in terms of revenue). “STICKY TENANT” | RECENT FIVE (5) YEAR EXTENSION | NNN LEASE | 2% ANNUAL INCREASES — Amazon completed major capital improvements of over $16 M on the building / site in 2021/2022. Improvements included replacement of all HVAC units, new office areas, and expanding the parking lot. the property possesses state-of-the-art features which meet the current and future demands of high-flow logistics operations. — Amazon recently demonstrated their strong commitment to the site by proactively exercising an option to extend the lease an additional five (5) years to August of 2031. There are ±5.33 years remaining (as of 4/1/26 analysis start date) creating a highly secured / long term income stream. Amazon has three (3) five (5) year options remaining. MISSION CRITICAL MIDWEST “LAST MILE” DISTRIBUTION FACILITY = KEY AMAZON STRATEGY — Amazon’s presence at 7200 Chavenelle Rd underscores its steadfast commitment to strengthening distribution capabilities in secondary Midwest markets.The Dubuque facility enables Amazon to accelerate last-mile delivery, reduce transportation costs, and improve service levels for rural and suburban customers.. HIGH CONNECTIVITY LOCATION & SOLID UNDERLYING INDUSTRIAL REAL ESTATE FUNDMAENTALS — High Connectivity Location: Direct access to U.S. Route 20, 52, and 61 providing seamless access to Amazon’s last mile delivery customers in the region. — I-80 Corridor: The property possesses proximity to the vital I 80 corridor: Iowa’s premier east-west logistics corridor, where approximately 14,000 trucks traverse daily translating to efficient, high-volume freight flow to major markets like Chicago, Minneapolis, and St. Louis in under a day.

FOR SALE DETAILS

PRICE

$13,892,000 USD

PRICE/SF

$115 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Amazon

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

UTILITIES

-

CLEAR CEILING HT

40 Ft

DOCKS

11

DRIVE INS

3

PARKING SPACES

45

LAND DETAILS

LAND ACRES

13.92

LAND SF

606,234

ZONING

C

APN/PARCEL ID

10-30-451-012

ASK ABOUT THIS PROPERTY

Kevin FoleyCBREMore Info
317-432-0943

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Kevin FoleyCBREMore Info
317-432-0943

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