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AutoZone (GL)
19210 Preston Road, Dallas, TX 75252
$1,333,300
Cap Rate 4.50%
Summary
| Price $1,333,300 | Built/Renov 2024 | Tenant AutoZone (GL) |
| Cap Rate 4.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
7,376
| Lease Start
04-01-2024
| #Units
6,943
|
| Price/SF $180.76 | Expiration
04-01-2039
| Tenant Type Automotive |
| NOI $60,000 | R. Term 15.3 | Ownership Ground Lease |
| Rent/SF
$8.13
| Increases 6.0%/5/yrs | Pop 5Mi 374,991 |
| Lot/AC 0.89 | Options 3/5yrs/6% | AHHI 5Mi $126,414 |
| | |
Lease Highlights
- 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
Location Description
This AutoZone is currently being constructed, with excellent frontage and accessibility at the signalized, hard corner intersection of Preston Rd. and Mapleshade Lane which sees a combined 68,4530 vehicles passing by daily. The site is an outparcel to Lowe’s and is adjacent to both a brand-new Clean Freak Car Wash and a soon to be Dutch Bros. Additionally, the subject property is located...
...Features
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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
...
Maps
Tenant
- Tenant: AutoZone
- Guarantor:Corp T and Rated
- Company:AutoZone, Inc.
- # Units:6,943
- Tenant S&P: BBB
- Moody’s: Baa1
- Stock:NYSE: AZO
About Tenant
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...
...
Demographics
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 13,670 | 127,041 | 379,175 |
| 2023 Total Population : | 13,873 | 126,464 | 376,320 |
| 2023 Employed Civilian Pop : | 8,266 | 69,889 | 218,687 |
| 2023 Total Businesses : | 1,163 | 7,461 | 21,023 |
| 2023 Average Household Income : | $ 145,288 | $ 142,817 | $ 129,456 |
| 2023 Total Consumer Spending : | $ 850 M | $ 6723 M | $ 18350 M |
| 2023 Median Age : | 43 | 40 | 39 |
| 2023 Total Households : | 6,891 | 55,077 | 165,096 |
| 2023 Pop Age 25+: Bachelor's Degree : | 4,715 | 36,394 | 103,127 |
| 2023 Average Home Value : | $ 525,134 | $ 545,080 | $ 479,774 |
Traffic
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mapleshade Ln | Preston Rd | 2009 | 5,200 | 0.05 mi |
| Preston Rd | Lloyd Cir | 2004 | 56,540 | 0.11 mi |
| Lloyd Cir | Preston Rd | 2009 | 2,730 | 0.16 mi |
| Preston Rd | Lloyd Dr | 2001 | 52,785 | 0.21 mi |
| Preston Rd | President George Bush Tpke | 2009 | 61,750 | 0.23 mi |
| President George Bush Tpke | Preston Rd | 2004 | 116,000 | 0.24 mi |
| Mapleshade Ln | Windmill Ln | 2004 | 2,360 | 0.27 mi |
| Fortson Ave | Barfield Dr | 2004 | 130 | 0.36 mi |
| Lloyd Cir | Redstone Cir | 2009 | 2,740 | 0.37 mi |
| Preston Rd | Alliance Blvd | 2012 | 66,548 | 0.38 mi |
