See below list of AutoZone Ground Lease For Sale
Investment Grade Tenant with S&P “BBB” Credit Rating. New 15 Year Lease with Minimal Landlord Responsibility. Four (5 Year) Options | 5% Increase at Each Option. Population More than 56,000 within 3 Miles.
Rare AutoZone hub store fee simple ground lease. Early lease renewal. Building expanded twice in 2003 and 2011. Zero landlord obligations. S&P rated BBB investment grade credit. Corporate guaranty – NYSE: AZO. Located on a major commercial thoroughfare.
Absolute NNN Leased Offering. Rare AutoZone Fee Simple Ground Lease. Early Lease Renewal. Zero Landlord Obligations. S&P Rated BBB Investment Grade Credit. Corporate Guaranty – Nyse: AZO. Located On A Major Commercial Thoroughfare.
Rare AutoZone fee simple ground lease. Early lease renewal. Zero landlord obligations. S&P rated BBB investment grade credit. Corporate guaranty – NYSE: AZO. Located on a major commercial thoroughfare.
Top Tier Location. Credit Tenant | NYSE: AZO $26B + Market Cap. Rare Twenty Year NNN Ground Lease. 10% Rent Increases Every 5 Years. Easy Access, Tremendous Traffic and Visibility. Outstanding Demos – Most Dense County in Florida.
10 Years Remaining – Absolute NNN Lease – Zero Landlord Responsibilities. Outparcel to a Grocery Anchored Shopping Center – Anchored by Giant Eagle Supermarket. Located Just off Interstate 90 – Close Proximity to Sam’s Club, At Home & Burlington.
Strong Traffic Counts – Traffic Counts at the site exceed 36K VPD. New 20-year term. 7.5% rent increase in base term. Dense Baltimore location. The property is situated in a residential pocket where the nearest auto parts store is over 1 mile away.
AutoZone is a popular distributor and retail company that sells auto accessories and replacement parts for both commercial and residential customers throughout the U.S.A.
Investors especially like net lease properties with little to no landlord responsibility. For a customized list of AutoZone Ground Lease for Sale fill out the form below or to the right to receive a customized list of properties.
• Primary terms increase
• Typically NNN leasing, releasing landlord accountability
• Guarantee backed by corporate
• Tenant is investor grade
• Real estate tends towards ‘B’ grade
• NN leasing will make landlord accountable for roofing and building maintenance
Back in 1979, a company called Auto Shack opened its doors for business on July 4th in Forrest City, AK. Now known as AutoZone, they’re listed in the Fortune 500 as the premier auto parts retailer throughout the U.S., topping in at over $8.1 billion in sales revenue annually.
AutoZone is now a household name retailer within the United States, with stores located in 49 of them including Washington D.C. They opened approximately 16 new stores as of August 2016, bringing their total number of stores to 5,814. Selling everything from automotive replacement parts for cars and light trucks, to chemical and various accessories, their core customers are typically the DIY (do it yourself) type.
While there are concerns raised about competition with giant megastores like Amazon, its bricks and mortar stores have been proven to hold up well in the automotive sector. Mainly because the average customer working on a vehicle will often need a part on short notice. So rather than attempting to order or find the requisite help needed with online means, they’ll make a trip to the store. This is proven true since AutoZone retail locations increase quarterly with upward movements in overall company sales.