AutoZone - Net Lease Property for Sale
Horn Lake, MS
Key Investment Metrics
Price
$1,776,835
Cap Rate
5.8%
Net Operating Income
$102,168
Building Size
7817 SF
Lot Size
7,817 SF
Land Area
0.94 Acres
Remaining Term
12.8 years
Lease Expiration
04/30/2039
Lease Term
15 years
Lease Commencement
05/01/2004
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
2004
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 Horn Lake, MS and represents an excellent investment opportunity for commercial real estate investors. The property features 7817 square feet of building space and was built in 2004.
With a cap rate of 5.8%, this AutoZone net lease property offers stable income potential. The asking price is $1,776,835, 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.
Horn Lake, MS Market Overview
Located in Horn Lake, MS, this AutoZone property benefits from strong local demographics and market fundamentals. The Horn Lake area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.