Views: 0 DOM: 53 Updated: 12.04.23 Posted: 10.19.23 Status: Active


Price $2,080,000
Built/Renov 2007
Tenant AutoZone
Cap Rate 5.25%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 6,786
Lease Start 01-01-2008
#Units 6,943
Price/SF $306.51
Expiration 01-31-2033
Tenant Type Automotive
NOI $109,200
R. Term 9.1
Ownership Fee Simple
Rent/SF $16.09
Increases 10.0%/10/yrs
Pop 5Mi 18,562
Lot/AC 0.87
Options 4/5yrs/10%
AHHI 5Mi $84,245

Lease Highlights

  • 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)

Location Description

AutoZone is strategically positioned with excellent access and visibility along N. Main St. which sees in excess of 19,500 vehicles passing by daily. The site is surrounded by many neighboring tenants including O’Reilly Auto Parts, Taco Bell, Zephyrs Fitness, Family Dollar and more, creating a strong drive to the immediate trade area. In addition, it is within close proximity to Smucker’s...



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  • 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...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 1,551 10,740 18,286
2023 Total Population : 1,573 10,921 18,562
2023 Employed Civilian Pop : 695 5,352 9,172
2023 Total Businesses : 128 349 584
2023 Average Household Income : $ 78,550 $ 81,621 $ 84,245
2023 Total Consumer Spending : $ 45 M $ 317 M $ 523 M
2023 Median Age : 41 42 42
2023 Total Households : 666 4,454 7,142
2023 Pop Age 25+: Bachelor's Degree : 172 1,385 2,242
2023 Average Home Value : $ 189,153 $ 212,333 $ 234,411
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
North Main Street Hostetler Rd 2021 9,346 0.11 mi
Hostetler Road Sterling Ave 2021 3,427 0.35 mi
Mineral Spring Street N Main St 2021 1,824 0.46 mi
Olive Street N Ella St 2021 598 0.47 mi
North Vine Street Union St 2021 1,663 0.68 mi
N Main St Wadsworth Rd 2000 9,150 0.69 mi
Strawberry Lane N Mill St 2021 447 0.70 mi
North Elm Street Mineral Spring St 2021 1,535 0.77 mi
Orr Street N Main St 2021 2,927 0.84 mi
Hostetler Road Strawbridge Pl 2021 2,763 0.85 mi

Listing Broker

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