Amazon Distribution Facility
22801 E 8th St,
Sonoma, CA 95476
Rare Absolute NNN Opportunity with Rail Line
4.20%
CAP RATE
249,904
Building SF
$2,340,000
Current Rent
19.16
Land Acres
Absolute NNN
Lease Type
2018
Year Built
Previous
Next
4.20%
CAP RATE
249,904
Building SF
$2,340,000
Current Rent
19.16
Land Acres
Absolute NNN
Lease Type
2018
Year Built
INVESTMENT OVERVIEW
Victory Stations is 100% leased to Amazon.com Service, Inc. and is guaranteed by Amazon.com, Inc. The 249,904 square foot building serves as an Amazon distribution facility. The property is subject to an Absolute NNN lease with seven years of initial term remaining. The lease also calls for annual 2% increases in rent and two, 7-year renewal options. Amazon is considered one of the Big Four tech companies, along with Google, Apple, and Facebook. Amazon is the largest Internet company by revenue in the world, the second largest employer in the United States, and one of the world’s most valuable companies. In 2018, Amazon posted record net income for the third consecutive year with profit of $10.1 billion, up from $3 billion the prior year. Amazon.com, Inc. has a Moody’s investment grade credit rating of A2 and a Standard and Poor’s investment grade credit rating of AA-.
INVESTMENT HIGHLIGHTS
CORPORATE GUARANTEE FROM AMAZON - NASDAQ: AMZN - Amazon.com, Inc. is the Tenant’s parent company and guarantor under the lease, an investment grade credit with Standard & Poor’s and Moody’s ratings of AA- and A2, respectively. Amazon is the largest e-commerce retailer of goods and services in the world by total sales and market capitalization
ABSOLUTE NNN LEASED OFFERING - Tenant is responsible for all expenses associated with the property
ANNUAL INCREASES IN RENT - Amazon’s lease calls for Annual Increases of 2%
CRITICAL DISTRIBUTION FACILITY - The Property functions as an Amazon distribution station. Products are routed from the larger fulfillment centers to delivery stations where orders are prepared for delivery to customers
STRATEGIC LOCATION - Excellent visibility and Access near Hwy 116, Hwy 12, Hwy 29 & Hwy 37
FOR MORE DETAILS CONTACT
Michael Cisternino
Managing Principal
(925) 388-0888
michael@essentialcre.com
CA 01708023, NV 1002492, ID PR59295
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