Amazon | Last Mile Distribution Center
81 International Drive S, Budd Lake NJ 07828
Price: Contact Broker
Status: Hidden
Cap Rate: Contact Broker
Year Built: 2001 (ren 2019)
NOI: $1,431,245
Lot Size: 12.10 acres
Price Per Foot:
SF: 132,225
Remaining Term: 6+ Years
Lease Type: Double-Net (NN)
Property Intro
Lee & Associates and Bang Realty-NJ are pleased to exclusively offer for sale the fee simple interest (land & building) in an Amazon Distribution Facility located in Budd Lake, NJ (the “Property”). Built in 2001 and occupied by Amazon in 2019, the property consists of an approximately 132,225-square-foot building that sits on an approximately 12.1 acre parcel. The building features (11) loading doors, (7) dock doors and expansive parking at this facility.
The building is leased to Amazon (NASDAQ: AMZN), an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. It is considered one of the Big Four companies in the U.S. information technology industry, along with Google, Apple, and Facebook. The company has been referred to as “one of the most influential economic and cultural forces in the world”, as well as the world’s most valuable brand. The company reported revenues of $457 billion in 2021.
The building is leased to Amazon (NASDAQ: AMZN), an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming and artificial intelligence. It is considered one of the Big Four companies in the U.S. information technology industry, along with Google, Apple, and Facebook. The company has been referred to as “one of the most influential economic and cultural forces in the world”, as well as the world’s most valuable brand. The company reported revenues of $457 billion in 2021.
investment highlights
INVESTMENT GRADE TENANT
- Amazon.com (S&P AA) is the largest e-commerce platform with 5% of all U.S. retail spending and 50% market share of the U.S. e-commerce market.
CRITICAL ECOMMERCE LAST MILE FACILITY – STRATEGICALLY LOCATED
- Strategically located at the intersection of Route 206, 46 and Interstate 80.
- This Budd Lake Facility is the only delivery station for the Mount Olive Region of NJ; the next closest delivery station is 26 miles away in Caldwell, NJ which services the Newark Region.
PASSIVE NN LEASE STRUCTURE WITH 6+ YEARS REMAINING PLUS OPTIONS
- Minimal landlord responsibilities, limited to roof and structural repair, replacement, and maintenance.
SIGNIFICANT TENANT INVESTMENT AND BELOW MARKET RENT
- Amazon completed significant capital improvements to the building and site in 2019.
- Improvements include new parking lot, dock doors, office space, and lighting among other things.
listing agents
