Starkville, MS - Amazon Last-Mile Distribution Facility
$6,032,000
115 Jack Wallace Blvd, Starkville, MS 39759
6
Cap Rate
361,944
NOI
Details:
Description:
• The lease is guaranteed by Amazon.com, Inc. (NASDAQ: AMZN | S&P: AA)
• Amazon fully funded $15 million in tenant improvements for the project
• The site opened in April 2024 and was expected to create over 90 local jobs
• The tenant has over 5 years remaining with 3 (3-Year) options to extend
• The lease features 2.5% annual increases throughout the remaining term and increases in the options equal to 95% of Fair Market Value
• The building is located on a 22.9 acre parcel and is expandable up to 100K SF
• The asset is strategically located in the NorthStar Industrial Park, a 384-acre development with approximately 3 million SF in industrial space
• The site benefits from nearby access to Golden Triangle Regional Airport
($272.5 million in annual economic activity) and to George M Bryan Airport in Starkville (roughly 31,000 aircraft operations annually)
• The site is roughly 5 miles from Mississippi State University, a growing Division I institution with about 23,563 students as of fall 2025
• More than 33,000 residents and 24,000 employees support the trade area
• $71,502 average household income
• The site sits in Mississippi’s Golden Triangle, the Columbus Starkville West Point corridor, supported by billions in industrial development led by Steel Dynamics and its expanding advanced manufacturing hub
Location
Gallery