AMAZON-GO

Property Description

This property is situated on a hard, signalized corner along Whittier Boulevard, offering excellent visibility and exposure. Amazon Go currently has a lease through 3/31/32 with a 10% increase scheduled on 4/1/27 and options to renew, however, since the building is vacant, the expectation is that the tenant will not be excercising any options. Amazon Go is widely regarded as one of the strongest credit tenants in today’s market. However, prospective buyers should anticipate an interruption in income once the current term has expired, with income paused until a replacement tenant is secured. As a result, pricing reflects a higher capitalization rate to account for this future vacancy risk, despite the strength of the outgoing tenant.