AutoZone - Net Lease Property for Sale
Apopka, FL
Key Investment Metrics
Price
$1,760,000
Cap Rate
5.0%
Net Operating Income
$88,000
Building Size
7011 SF
Lot Size
7,011 SF
Land Area
1.09 Acres
Remaining Term
8.6 years
Lease Expiration
07/31/2034
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2019
Occupancy
100%
Tenancy
Single
Rent Increases
10% Every 5 Years
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Apopka, FL and represents an excellent investment opportunity for commercial real estate investors. The property features 7011 square feet of building space and was built in 2019.
With a cap rate of 5.0%, this AutoZone net lease property offers stable income potential. The asking price is $1,760,000, making it an attractive option for 1031 exchange investors seeking quality AutoZone commercial properties.
Why Invest in AutoZone NNN Properties?
- Stable Income: AutoZone net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: AutoZone is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Apopka, FL Market Overview
Located in Apopka, FL, this AutoZone property benefits from strong local demographics and market fundamentals. The Apopka area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.