Amazon Last Mile Distribution Facility
Amazon (NASDAQ: AMZN) Last Mile Distribution Facility | 123,769 SqFt
Marketing description
STREAM Capital Partners is pleased to offer a unique investment opportunity to acquire the newly developed Amazon Last Mile Distribution Facility. Located in Florence, Kentucky, just over 10 miles from the Cincinnati/Northern Kentucky Airport and Amazon Prime Air Hub, this build-to-suit property is positioned in a highly sought-after Cincinnati submarket. Spanning 123,769 square feet, the facility is leased to Amazon (S&P: AA) on a long-term triple net lease through November 2034.
This state-of-the-art property is strategically located in Northern Kentucky, Cincinnati’s premier industrial hub, and is ideal for last-mile delivery operations. It offers direct access to Interstates 75 and 71, with excellent highway connectivity and proximity to major shipping hubs. This offering presents a rare opportunity to acquire a Class A distribution center in one of the region’s most desirable submarkets, backed by a long-term lease to an investment-grade tenant.
Investment highlights
Passive Lease Structure: Over 8 years remaining, corporately guaranteed by Amazon.com Services LLC (S&P AA). Annual increases and management fee protect against inflation.
State-of-the-Art Delivery Facility: Newly constructed in 2022 with warranties for capital replacements. Features include 32′ clear heights, ample parking (including 185 electric van parking spaces) and concrete tilt-up construction.
Prime Location in High-Demand Hub: Located in Cincinnati/Northern Kentucky, a major logistics market with access to key highways, an international airport, and a low-cost workforce.
Logistics Powerhouse: Positioned within 600 miles of 65% of the U.S. population and home to over 100 logistics companies, supported by low Boone County taxes.
Integral to Amazon’s Operations: Opened in summer 2024, this facility is critical to Amazon’s logistics, and the tenant is fully utilizing the space.
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