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Amazon Last-Mile Distribution Facility 115 Jack Wallace Blvd 50,000 SF 4-Star Industrial Building Starkville, MS 39759 $6,032,000 ($120.64/SF) 6% Cap Rate
Investment Highlights
- Corporate Guaranteed | Over 5 Years of Term Remaining | $15 Million Invested by Tenant | Expandable Up to 100,000 SF
- Mississippi State University | NorthStar Industrial Park
- NNN Lease | Fee Simple | Limited Landlord Responsibilities
- Strong Demographics in 5-Mile Radius | Golden Triangle Corridor
Executive Summary
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.
Property Facts
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Property Taxes
| Parcel Number | 115-21-010.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $74,340 |
Property Taxes
Parcel Number
115-21-010.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$74,340
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Amazon Last-Mile Distribution Facility | 115 Jack Wallace Blvd
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