Pros and Cons of Investing in Amazon NNN Properties

By Ted Dowding, Managing Broker, TD Commercial Group

$2.5B+ in Closed Transactions · 2000+ deals · CoStar Power Broker & Top Firm Award Winners 2023, 2024, 2025 · Est. 2010

Summary

Our public records also show 1 closed Amazon sale, the most recent on July 15, 2025. Figures are shown as stored in each record, last updated March 3, 2026. Each listing below shows price, cap rate, remaining term and lease type exactly as the record reports them.

Closed Amazon Sales

Amazon — Memphis, TN

Sale date: July 15, 2025
Sale price: $8,750,000
Cap rate at sale: 4.80%
Source: public_record as of March 3, 2026

How to Read These Amazon Listings

Every figure above is copied from a single stored record, so it reflects what the listing or the closed-sale record reports rather than an estimate. Asking price is the seller's current ask. Asking cap rate is the seller's stated net operating income divided by that ask. Lease term remaining counts the years left on the primary lease before any renewal options. Lease type is shown exactly as the record describes it, so confirm the landlord's obligations in the lease itself before relying on the label.

Closed sales are listed with their sale date and the source of the record. A closed sale tells you what one buyer paid for one property on one date. Location, remaining term, rent increases and the strength of the guarantee all move pricing, so compare like with like before drawing conclusions.

Questions to Ask Before Making an Offer

Who signs the lease guarantee: the corporate parent, a subsidiary or a franchisee?
What does the lease make the tenant responsible for, and what stays with the landlord?
How are rent increases scheduled, and when do renewal options start?
How does the site compare with nearby retail in visibility, access and traffic?
Has the property had environmental, roof or structural work, and who paid for it?

Due Diligence for Amazon Properties

Start with the lease. Read the full document, not the offering memorandum summary, and match every term against the estoppel certificate. Order a title report and survey early, and ask the seller for operating history and any tenant correspondence about repairs. If the property has any history of fuel, dry-cleaning or automotive use, budget for an environmental report. Your lender and your tax adviser should review the deal before you remove contingencies.

Investors who buy net lease properties usually care most about the durability of the rent. That depends on the tenant's commitment to the location, the remaining term and the cost of re-leasing if the tenant leaves. None of those can be judged from a cap rate alone.

Using a Amazon Property in a 1031 Exchange

Net lease properties are common replacement properties in like-kind exchanges because they need little day-to-day management. If you are exchanging, line up a qualified intermediary before you sell, identify replacement candidates within the identification period and close within the exchange period set by the IRS. Our 1031 tool tracks those deadlines for you.

Frequently Asked Questions

Have any Amazon properties sold recently?

Yes. This page lists 1 closed Amazon sale; the most recent closed on July 15, 2025 for $8,750,000 (source: public_record).

Where does the data on this Amazon page come from?

Listings come from published Net Lease World listing records and closed sales from public comp records. Each entry shows its source and the date it was last updated.

Where can I see more Amazon properties for sale?

Use the Amazon tenant page and the marketplace linked above. They show every published listing, filtered by tenant, state, price and cap rate.