7929 National Service Road

Asset Type

Land

Address
7929 National Service Rd Greensboro, NC United States 27409-9416
Asking Price

Contact for pricing

Sq Footage

66,780

Year Built

2019

Cap Rate

N/A

Additional Attributes

Property Description

Address: 7929 National Service Road, Greensboro, NC

Land Area: 16.64 acres

Square Feet: 66,780 SF

Year Built: 2019

Clear Height: 30'

Parking Ratio: 9.52 per 1,000 SF

Construction Type: Concrete tilt wall

Dock Doors: 10 (9' x 10') with 8 knockouts for future use

Drive-in Doors: 6

Investment Highlights

  • ​​​​​​E-commerce disrupting, last mile Amazon “delivery station”
  • Part of $800 million commitment to expand Amazon’s logistics network in pursuit of 1-day and same-day delivery
  • Amazon.com, Inc. (the ‘Guarantor’): AA- credit rating by S&P and A3 by Moody’s with $232 billion in 2018 revenue
  • New, Class A tilt-up building, with high barriers to replicate
  • 9.52/1,000 Parking Ration on 16.64 acre site
  • Strategically located near I-40, and within 5 miles of Amazon’s 1 million square foot distribution center
  • 10 year passive net lease with annual escalations
  • Located within the Piedmont Triad market, with access to five major interstates (I-40, I-85, I-73, I-74 & I-77) which connect 60% of the U.S. population within a 1-day drive
  • Regional connectivity via the I-85 corridor super region, which projects a 950,000-person increase in population by 2023
  • Excellent Triad industrial market fundamentals, which has continuously maintained a lower vacancy rate compared to Charlotte
  • Premier Airport industrial submarket, the largest and most active submarket in the entire Piedmont Triad


Listing Contacts
Britton Burdette
Britton Burdette
Managing Director
+65 3159 4021
Pete Pittroff
Pete Pittroff
Managing Director, Brokerage
+65 3159 4021
NC - 163984
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