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Views: 125 DOM: 94 Updated: 11.22.24 Posted: 08.30.24 Status: Active

Summary

Price $1,750,000
Built/Renov 2010
Tenant AutoZone
Cap Rate 6.00%
Lease Type Double NN
Guarantor Corp T and Rated
Size/SF 7,324
Lease Start 04-29-2009
#Units 7,140
Price/SF $238.94
Expiration 07-31-2035
Tenant Type Automotive
NOI $105,000
R. Term 10.8
Ownership Fee Simple
Rent/SF $157.70
Increases 1.5%/1/yrs
Pop 5Mi 14,288
Lot/AC 0.89
Options 2/5yrs/1.5%
AHHI 5Mi $79,103

Lease Highlights

  • Auto Zone has been operating in this location since 2009
  • The tenant has 10+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 1.5% annual rental increases throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

AutoZone is strategically located on North Front Street, with access to 15,097 vehicles passing by daily. The property is surrounded by well-known national tenants, including Taco Bell, McDonald’s, Dunkin, Family Dollar, Goodwill, CVS, and more. Nearby educational institutions include Philipsburg-Osceola Area School District, Philipsburg-Osceola Area Middle School, Osceola Mills Elementary...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AutoZone
  • Guarantor:Corp T and Rated
  • Company:AutoZone, Inc.
  • # Units:7,140
  • 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 7,140 stores in 50 in the U.S., Mexico, and...


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