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Views: 130 DOM: 214 Updated: 10.28.24 Posted: 04.11.24 Status: Active

Summary

Price $2,966,900
Built/Renov 1979
Tenant AutoZone
Cap Rate 5.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 5,400
Lease Start 06-03-1998
#Units 7,140
Price/SF $549.43
Expiration 03-31-2029
Tenant Type Automotive
NOI $148,344
R. Term 4.4
Ownership Fee Simple
Rent/SF $27.47
Increases 0.0%/0/yrs
Pop 5Mi 29,624
Lot/AC 0.72
Options 0/0yrs
AHHI 5Mi $75,943

Lease Highlights

  • AutoZone has been operating in this location since 1998
  • The tenant has 4+ years remaining on the current lease term with no options remaining
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guarantee | Investment grade tenant

Location Description

AutoZone is strategically located at the signalized, hard corner intersection of Sierra Street and 10th Avenue, with access to a combined daily traffic count of 23,700 vehicles. The property offers multiple access points, including a direct left-hand turn from the main corridor (Sierra St). Additionally, it is steps away from Golden State Hwy and situated in the heart of the main east-west...

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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,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,733 16,718 31,607
2023 Total Population : 11,352 16,058 30,813
2023 Employed Civilian Pop : 4,968 7,128 12,894
2023 Total Businesses : 422 553 1,031
2023 Average Household Income : $ 104,036 $ 110,253 $ 96,258
2023 Total Consumer Spending : $ 353 M $ 515 M $ 806 M
2023 Median Age : 35 36 33
2023 Total Households : 3,953 5,452 9,711
2023 Pop Age 25+: Bachelor's Degree : 1,304 1,941 2,684
2023 Average Home Value : $ 403,765 $ 450,927 $ 435,852
*ESRI data is presented for informational purposes only

Listing Broker

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