Asking Price Contact for pricing
Sq. Footage
NOI Net Operating Income N/A
Cap Rate N/A

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


Britton Burdette
Britton Burdette
Managing Director
Pete Pittroff
Pete Pittroff
Managing Director, Brokerage
Licensed in
NC - 163984

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