Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive advisor, has been retained to market the opportunity to acquire the fee simple interest in Amazon RDU9 at Alamance Ridge (the "Property" or "Offering"), a 297,675 square foot Class A industrial facility located along North Carolina's coveted I-85/-I-40 corridor. The Property is 100% leased to Amazon.com Services LLC with 5.5 years of remaining term and a full payment guaranty from Amazon.com Inc. (NASDAQ: AMZN), the world's largest multi-national online retailer with investment-grade credit ratings across all three (3) major credit rating agencies (Fitch: AA-; Moody’s: A1; S&P: AA), providing investors with predictable cash flow backed by best-in-class tenancy.

Opened in 2021, Amazon's RDU9 facility operates as a state-of-the-art automated sortation center serving the Research Triangle and Triad regions. Strategically positioned along the I-85/I-40 corridor, the property capitalizes on direct access to the rapidly expanding consumer markets of both metropolitan areas. Amazon joins an impressive roster of blue-chip tenants to establish operations along this corridor, including UPS (1.0 MSF; $316M investment), Walmart (1.1 MSF), and Lidl (±850,000 SF; $125M investment). Overall, Amazon RDU9 at Alamance Ridge presents investors with the opportunity to acquire a 100% leased, Class A distribution facility with seamless interstate connectivity and stable cash flow secured by investment-grade tenancy and above-market escalators at an attractive acquisition basis.

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Attributes

Building area net

27,592 sm

Occupancy

100%

Year built

2021

Land area gross

6 sm

Media

Investment highlights

INVESTMENT-GRADE CASH FLOW WITH STRONG CONTRACTUAL YIELD GROWTH

• 100% leased to Amazon.com Services LLC with 5.5 years of remaining term after a recent lease renewal, demonstrating the Tenant's commitment to the facility

• Full lease guaranty from parent entity Amazon.com Inc (NASDAQ: AMZN; S&P: AA; Fortune #2), one of the world's largest publicly traded companies with over $716 billion in annual revenue and employing more than 1.5 million people worldwide

• Consistent yield expansion with 3.00% annual escalators, well above the market standard for newly executed Amazon leases

CLASS A VERSATILE CONSTRUCTION

• Concrete wall construction featuring insulated precast panels

• 32' clear heights

• Fully secured truck court with guardhouse and surveillance system

• 214 trailer stalls with 343 auto parking spaces

• 45 mil TPO roof under manufacturer warranty through 2035

ADVANTAGEOUS LOGISTICS LOCATION

• Positioned approximately 2.5 miles from the I-85/I-40 corridor, offering direct connectivity to the high-growth Sunbelt markets of Raleigh-Durham, Greensboro-Winston-Salem, Charlotte and Atlanta

• Strategically located within fifty (50) miles of two (2) of the state’s major international airports, including Piedmont Triad International Airport (39.8 mi) and Raleigh-Durham International Airport (40.1 mi)

• Access to over 3.6 million U.S. consumers within a 90-minute drive

DYNAMIC ECONOMIC FUNDAMENTALS

• Alamance County has continued to experience rapid economic transformation driven by a low-cost business environment, favorable tax incentives and strategic access along the I-85 and I-40 corridor

• Neighboring tenants within NC Commerce Park include UPS (1.0 MSF; $316M investment), Walmart (1.1 MSF), Lidl (±850,000 SF; $125M investment), among others

• Alamance County has seen more than $433.8 million in economic announcements since 2022, creating more than 1,200 jobs for the local economy