Missouri City, TX$2,951,000
Strong fundamentals – below market rent in strong supply constrained retail corridor. Relocation and expansion – AutoZone relocated out to a larger freestanding pad site from an in-line suite in the subject shopping center. Depreciable fee simple ownership structure with rare 10% rental increases every five years. Strong demographics – Population over 100,000 with average household incomes over $130,000 within a three mile radius.