See below list of AutoZone Ground Lease For Sale
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.
Investment Grade Tenant: S&P Corporate rating “BBB”. Across I-5 from Joint Base Lewis-McChord, a total active population of nearly 210,000 inhabitants, the 4th largest military installment worldwide. 1 Mile North of Madigan Medical Center.
New construction. Corporate guaranteed. Investment grade rated tenant (S&P: BBB). Relocation of an existing store showing their commitment to the area. No landlord responsibilities. 10% rental escalations every 5-years throughout the primary term and renewal option periods. Affluent community with attractive demographics.
Corporate guaranty by strong national tenant- AutoZone (NYSE: AZO). Fee Simple Ownership. Limited auto parts competition in trade area and ideal demographics for tenant. New development adjacent to property & high speed rail station located within 3-miles. Strong historical occupancy with corporate guaranteed lease/ 10% rent increases at the begining of each option period. Large monument signage/ excellent street frontage and visibility on signalized hard corner intersection.
Brand New 2017 Construction. 10% Rental Increase in Year and Each Option. Features Easy Access and Excellent Visibility along Carlisle Pike to Daily Traffic Counts in Excess of 15,586+ Vehicles. Close Proximity to Route 30 (18,000+ VPD). Pad Site to North Hanover Mall, a 452,500+ SF Enclosed Shopping Destination Anchored by JCPenney, Sears, Dick’s Sporting Goods, and Burlington Coat Factory.
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.