Amazon Delivery Station
13133 34th St, North Clearwater, FL
Price: $
Status: Sold
Cap Rate: CONF%
Year Built: 1984/2019
NOI: $
Lot Size: 8.75 acres
Price Per Foot: CONF
Lease Type: Double-Net (NN)
Remaining Term: 8+
GLA: 106136 sqft
Property Intro
Lee & Associates and Bang Realty-Naples, Inc. (FL Broker's License# CQ1049201) is pleased to exclusively offer for sale the fee simple interest (land & building) in an industrial warehouse/las mile distribution facility located in Clearwater, FL (the “property”). Originally built in 1984 and renovated in 2020, the Property is currently leased to the largest global ecommerce company in the world (S&P: AA), and consists of a 106,136-square-foot industrial building that sits on an approximately 8.75-acre site. This facility provides last mile delivery to customers in the Tampa Bay area.
This Fortune #2 Company 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 tenant commenced its 10-year lease in February of 2020, which features annual rent increases of 2% annually through the Primary Term. There are (3) 5-year renewal options at fair market value. The double-net (NN) lease requires the tenant to reimburse for taxes, utilities and insurance. The landlord has minimal maintenance responsibilities on the asset, providing an investor with a true passive investment grade credit stream.