loader
Join Free
Zeekin

AutoZone (GL)

490 Ritchie Hwy, Severna Park, MD 21146

$2,550,000

Cap Rate 4.38%

Updated: 05.29.24 Posted: 09.07.23 Status: Inactive

Summary

Price $2,550,000
Built/Renov 2002
Tenant AutoZone (GL)
Cap Rate 4.38%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 7,200
Lease Start 05-01-2002
#Units 7,140
Price/SF $354.17
Expiration 05-01-2027
Tenant Type Automotive
NOI $111,804
R. Term 2.0
Ownership Ground Lease
Rent/SF $15.53
Increases 10.0%/4/yrs
Pop 5Mi 136,286
Lot/AC 1.03
Options 3/5yrs/10%
AHHI 5Mi $167,556

Andrew Fallon
SRS National Net Lease Group
Contact

Lease Highlights

  • 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)

Location Description

AutoZone is strategically located fronting Ritchie Highway, which averages 65,400 vehicles per day. The asset has excellent visibility and access and is surrounded by major national retailers such as Chick-fil-A, McDonald’s, Kohl’s, Giant Food, and more, providing a strong consumer draw to the immediate trade area. The site also benefits from strong demographics, with more than 136,000...

...

Key Features

  • 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

    • ...

Links

AutoZone Wikipedia AutoZone Wikipedia Severna Park, Maryland Zip Code 21146 Broker Site Page

Documents

Download OM

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,...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,965 48,847 137,146
2023 Total Population : 7,999 48,832 136,577
2023 Employed Civilian Pop : 4,087 26,486 74,520
2023 Total Businesses : 477 1,542 4,093
2023 Average Household Income : $ 215,680 $ 202,898 $ 172,908
2023 Total Consumer Spending : $ 476 M $ 2900 M $ 7144 M
2023 Median Age : 46 46 42
2023 Total Households : 2,659 17,206 49,235
2023 Pop Age 25+: Bachelor's Degree : 1,803 10,527 25,974
2023 Average Home Value : $ 697,862 $ 663,729 $ 585,375
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Robinson Rd Ritchie Hwy 2012 9,590 0.07 mi
Kimberly Ct Marbury Rd 2001 2,305 0.17 mi
Governor Ritchie Highway Old Annapolis Rd 2018 53,101 0.19 mi
Ritchie Hwy Town Neck Rd 2011 56,220 0.20 mi
Robinson Road Odonnel Ct 2017 10,982 0.20 mi
Old Annapolis Rd Kimberly Ct 2018 9,632 0.20 mi
Kimberly Ct Marbury Rd 2001 2,038 0.22 mi
Arundel Beach Rd Leelyn Dr 2018 2,881 0.27 mi
Robinson Rd Thomas Way 2020 10,112 0.29 mi
Ritchie Hwy Haas Ct 2012 51,451 0.33 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

Company

© COPYRIGHT 2024 NET-TRADE. ALL RIGHTS RESERVED.

TERMS OF USE PRIVACY POLICY USER PLANS
my activity