AutoZone - Net Lease Property for Sale
Beloit, WI
Key Investment Metrics
Price
$845,000
Cap Rate
6.3%
Net Operating Income
$52,800
Building Size
7749 SF
Lot Size
7,749 SF
Land Area
1.03 Acres
Remaining Term
8 years
Lease Expiration
07/30/2034
Lease Term
10 years
Lease Commencement
07/30/2024
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1976
Tenancy
Single
Rent Increases
6.8% Increase 2029 7.5% Each Option
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Beloit, WI and represents an excellent investment opportunity for commercial real estate investors. The property features 7749 square feet of building space and was built in 1976.
With a cap rate of 6.3%, this AutoZone net lease property offers stable income potential. The asking price is $845,000, 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.
Beloit, WI Market Overview
Located in Beloit, WI, this AutoZone property benefits from strong local demographics and market fundamentals. The Beloit area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.