AutoZone - Net Lease Property for Sale
Canonsburg, PA
Key Investment Metrics
Price
$1,577,000
Cap Rate
6.0%
Net Operating Income
$94,627
Building Size
9300 SF
Lot Size
9,300 SF
Land Area
0.64 Acres
Remaining Term
9.6 years
Lease Expiration
07/30/2035
Lease Term
25.1 years
Lease Commencement
06/30/2010
Lease Type
Absolute NNN
Year Built
2010
Occupancy
100%
Tenancy
Single
Rent Increases
10% In Each Option
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Canonsburg, PA and represents an excellent investment opportunity for commercial real estate investors. The property features 9300 square feet of building space and was built in 2010.
With a cap rate of 6.0%, this AutoZone net lease property offers stable income potential. The asking price is $1,577,000, 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.
Canonsburg, PA Market Overview
Located in Canonsburg, PA, this AutoZone property benefits from strong local demographics and market fundamentals. The Canonsburg area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.