AutoZone NNN For Sale

AutoZone Ground Lease for Sale

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.

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Pros

  • Primary terms increase
  • Typically NNN leasing, releasing landlord accountability
  • Guarantee backed by corporate
  • Tenant is investor grade

Cons

  • Real estate tends towards ‘B’ grade
  • NN leasing will make landlord accountable for roofing and building maintenance

Tenant Description

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.

Storefront Example

NNN AutoZone

Missouri City, TX

$2,951,000

Strong fundamentals – below market rent in strong […]

4.60%

9.4

N/a

Storefront Example

NNN AutoZone

Blackwood, NJ

$1,950,000

AutoZone’s corporately-guaranteed NNN lease was recently extended for […]

4.00%

15

N/a

Storefront Example

NNN AutoZone

Dover, TN

$1,592,538

Recent 10-year extension showing strong commitment to the […]

5.20%

10

N/a

Storefront Example

NNN AutoZone

Lakeland, FL

$2,422,000

AutoZone recently extended their lease early and now […]

3.85%

10.8

N/a

Storefront Example

NNN AutoZone

McKinney, TX

$2,867,647

Best in Class Tenant | Corporate Guarantee from […]

3.40%

20

N/a

Storefront Example

NNN AutoZone

Medford, MA

Lease includes attractive 10% rental increases at the […]

10.2

N/a

Storefront Example

NNN AutoZone

Pittsburgh, PA

$2,600,000

Lease With No Landlord Obligation. Strong Demographics with […]

6.7

N/a

Storefront Example

NNN AutoZone

Indianapolis, IN

$1,857,000

Long lease term remaining on newly constructed building […]

3.50%

18.4

N/a

Storefront Example

NNN AutoZone

Magnolia, TX

$1,625,000

Corporate Guarantee | Investment Grade Credit Tenant | […]

5.17%

3.9

N/a

Storefront Example

NNN AutoZone

Tallmadge, OH

$793,000

Long Term Operating History in Excess of 30+ […]

5.75%

5.9

N/a

Storefront Example

NNN AutoZone

Philadelphia, PA

$4,488,889

No Landlord Responsibility. ​Exceptional Demographics | 1,000,000+ Population. […]

4.50%

6.6

N/a

Storefront Example

NNN AutoZone

Charlotte, NC

$2,192,000

No Landlord Management. ​Scheduled Rental Increases in Primary […]

3.65%

20

N/a

Most real estate investors fail to generate predictable cash flow.

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