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505 Texas 31, Chandler, TX , 75758
  • Size SF 7,381
  • Built/Renov2024
  • Price/SF$116
  • Lease Start02-01-2024
  • Rent/SF$6.10
  • Lease Type Abs NNN
  • Lot/AC1.91
  • Pop 5MI10,048

857,000

  • Cap Rate 5.25%
  • NOI $45,000
  • R. Term/Yrs 15.1
  • Guarantor Corp T + R
  • # Units 6,943
  • New construction

  • Dense retail corridor

  • Highway location

  • Major MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Brand-new 2024 construction
  • AutoZone recently signed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • Lease features 6% rental increase eery 5 years throughout the initial term and at the start of each option

  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) and is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

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19210 Preston Road, Dallas, TX , 75252
  • Size SF 7,376
  • Built/Renov2024
  • Price/SF$181
  • Lease Start04-01-2024
  • Rent/SF$8.13
  • Lease Type Abs NNN
  • Lot/AC0.89
  • Pop 5MI374,991

1,333,300

  • Cap Rate 4.50%
  • NOI $60,000
  • R. Term/Yrs 15.3
  • Guarantor Corp T + R
  • # Units 6,943
  • New construction

  • High traffic 50M+ VPD

  • Shopping Ctr out-parcel

  • Top 100 MSA

  • Income tax free state

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • New high-quality 2024 construction
  • AutoZone recently signed a new 15-year ground lease with 3 (5-year) options to extend
  • The lease features 6% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed | Investment grade tenant
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
808 East Main Street, Gas City, IN , 46933
  • Size SF 7,536
  • Built/Renov1973
  • Price/SF$110
  • Lease Start08-01-2005
  • Rent/SF$6.04
  • Lease Type Double NN
  • Lot/AC1.20
  • Pop 5MI24,940

827,000

  • Cap Rate 5.50%
  • NOI $45,500
  • R. Term/Yrs 10.7
  • Guarantor Corp T + R
  • # Units 6,943
  • In location for years

  • Major thoroughfare

  • Strategically located

  • Top 100 MSA

  • Long operation history

  • Recently extended lease

  • Strong sales history

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • AutoZone has a 17+ year operating history in this location
  • Tenant recently extended its lease early by 10 years, bringing the total remaining base term to 11 years
  • The lease features 10% rental increases in 2029 and in each option period
  • Cheap rent and small price point | Tenant is currently paying only $6/SF
  • Corporate guaranteed lease (S&P: BBB)
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
1420 North Main Street, Orrville, OH , 44667
  • Size SF 6,786
  • Built/Renov2007
  • Price/SF$307
  • Lease Start01-01-2008
  • Rent/SF$16.09
  • Lease Type Abs NNN
  • Lot/AC0.87
  • Pop 5MI18,562

2,080,000

  • Cap Rate 5.25%
  • NOI $109,200
  • R. Term/Yrs 9.1
  • Guarantor Corp T + R
  • # Units 6,943
  • Build to suit

  • In location for years

  • Major thoroughfare

  • Near major nationals

  • Strategically located

  • Affluent suburb location

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • AutoZone has been operating in this location since 2008
  • Tenant has over 9 years remaining on the current lease term with 4 (5-year) options to extend
  • Lease features 10% rental increase at the beginning of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by AutoZone, Inc. (NYSE: AZO)
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
490 Ritchie Hwy, Severna Park, MD , 21146
  • Size SF 7,200
  • Built/Renov2002
  • Price/SF$354
  • Lease Start05-01-2002
  • Rent/SF$15.53
  • Lease Type Abs NNN
  • Lot/AC1.03
  • Pop 5MI136,286

2,550,000

  • Cap Rate 4.38%
  • NOI $111,804
  • R. Term/Yrs 3.4
  • Guarantor Corp T + R
  • # Units 6,943
  • In location for years

  • High traffic 50M+ VPD

  • Near major nationals

  • Highway location

  • Top 100 MSA

  • Strong demographics

  • Long operation history

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • AutoZone has been operating in this location since 2002
  • Tenant has 3+ years remaining on the current lease term with 3 (5-year) options to extend
  • Lease features a 10% rental increase every 5 years throughout the initial term and at the start of each option
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by AutoZone, Inc. (NYSE: AZO)
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
16018 Kedzie Avenue, Markham, IL , 60428
  • Size SF 8,700
  • Built/Renov2005
  • Price/SF$123
  • Lease Start09-01-2023
  • Rent/SF$6.46
  • Lease Type Abs NNN
  • Lot/AC0.60
  • Pop 5MI228,336

1,070,000

  • Cap Rate 5.25%
  • NOI $56,179
  • R. Term/Yrs 1.8
  • Guarantor Corp T + R
  • # Units 6,943
  • High traffic 50M+ VPD

  • Dense retail corridor

  • Freeway close

  • Highway close

  • Top 100 MSA

  • Strong demographics

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • Subsidiary guarantee

  • ...
  • The tenant has 1+ years of firm term remaining on their current lease with 4 (5-year) option periods to extend
  • The ground lease features 10% rental increases at the beginning of each option period
  • The lease is signed by a subsidiary of the corporate entity
  • AutoZone is an investment grade tenant (S&P: BBB)
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
211 Alfred Street, Georgetown, DE , 19947
  • Size SF 6,815
  • Built/Renov2023
  • Price/SF$223
  • Lease Start08-01-2023
  • Rent/SF$10.05
  • Lease Type Abs NNN
  • Lot/AC0.84
  • Pop 5MI17,150

1,522,000

  • Cap Rate 4.50%
  • NOI $68,500
  • R. Term/Yrs 19.7
  • Guarantor Corp T + R
  • # Units 6,943
  • New construction

  • Hard corner intersection

  • Major thoroughfare

  • Highway location

  • Affluent suburb location

  • Major MSA

  • Brand new lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • Brand new 2023 construction
  • AutoZone recently signed a brand new 20-year lease with 4 (5-year) options to extend
  • Lease features a 6.50% rental increase at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee by AutoZone, Inc. (NYSE: AZO)
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

...
1839 W Clinton Ave, Fresno, CA , 93705
  • Size SF 6,816
  • Built/Renov2022
  • Price/SF$323
  • Lease Start03-01-2023
  • Rent/SF$14.67
  • Lease Type Abs NNN
  • Lot/AC0.86
  • Pop 5MI330,100

2,200,000

  • Cap Rate 4.55%
  • NOI $100,000
  • R. Term/Yrs 14.2
  • Guarantor Corp T + R
  • # Units 6,943
  • New construction

  • High traffic 50M+ VPD

  • Highway location

  • Dense 200M+ pop 5 mi

  • Top 100 MSA

  • Brand new lease

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Investment grade tenant

  • ...
  • AutoZone (NYSE: AZO) is an investment grade tenant
  • Brand new construction 
  • Lease is absolute NNN
  • 4, 5 year options
  • Approximately 6.50% increase in option 1 & 10% increases thereafter 
  • Tenant AutoZone
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

 

...

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