580 Atlas Air Way
SINGLE TENANT NET LEASED BUILD-TO-SUIT MIDWESTERN HEADQUARTERS
Marketing description
CBRE Investment Properties has been exclusively retained by the owner to facilitate the fee simple sale of 580 Atlas Way, a 100,061-square-foot, three-story single tenant net leased build-to-suit office asset in Erlanger, Kentucky. The property is 100% leased to Atlas Air Worldwide with a corporate guaranty from Atlas Air Worldwide Holdings, a Apollo sponsored company. Constructed and delivered in November of 2020 as a 15-year single tenant build-to-suit, the Atlas Air Building is the Midwestern headquarters of Atlas Air. This location is a mission-critical headquarters asset specifically constructed and integrated with the Amazon Air hub operations centralized at the Greater Cincinnati/Northern Kentucky International Airport (“CVG”). Atlas Air is the leading global provider of outsourced aircraft and aviation operating services, and this location further strengthens its partnerships with industry leading logistics companies including Amazon. This net leased asset stands as an excellent opportunity to acquire a single tenant, Class A build-to-suit property in Cincinnati’s fastest growing e-commerce submarket.
Investment highlights
› Net-Leased Build-to-Suit: Delivered Nov 2020 for Atlas Air; 15-year lease (10 years remaining) with annual rent increases, no termination options, and corporate guarantee
› Prime Logistics Location: Adjacent to CVG Airport with strategic access to I-75/I-71 corridor for e-commerce and distribution
› Mission-Critical Global Control Center: 24/7 operations hub monitoring global aircraft and logistics, serving as a core operational nerve center
› Leading E-Commerce Submarket: Located in Northern Kentucky, a top regional hub with major operators like Amazon, DHL, UPS, and FedEx nearby
› Strong Visibility: Positioned along I-75/I-71 with ~199,000 vehicles per day
› Class A Facility + Expansion Potential: Built by Merus; offers on-site and adjacent parcel development opportunities for future growth
› Amazon Air Hub Synergy: Near Amazon’s 3M+ SF CVG hub; strong operational ties with Amazon, a key Atlas Air client with equity alignment potential
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