AutoZone - Net Lease Property for Sale
Hamden, CT
Key Investment Metrics
Price
$2,310,915
Cap Rate
5.9%
Net Operating Income
$136,344
Building Size
7370 SF
Lot Size
7,370 SF
Land Area
0.91 Acres
Remaining Term
11.2 years
Lease Expiration
02/28/2037
Lease Type
NN
Tenant Credit
Credit Rated, Corporate Guarantee
Year Built
2006
Occupancy
100%
Tenancy
Single
Rent Increases
5% in March, 2027 & 8% Every 5 Years After
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Hamden, CT and represents an excellent investment opportunity for commercial real estate investors. The property features 7370 square feet of building space and was built in 2006.
With a cap rate of 5.9%, this AutoZone net lease property offers stable income potential. The asking price is $2,310,915, 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.
Hamden, CT Market Overview
Located in Hamden, CT, this AutoZone property benefits from strong local demographics and market fundamentals. The Hamden area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.