AutoZone for Sale in Horn Lake, MS
Horn Lake, MS
Key Investment Metrics
Price
$1,776,835
Cap Rate
5.8%
Net Operating Income
$102,168
Building Size
7817 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
AI illustration · Not the listed propertyProperty overview
AutoZone in Horn Lake
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,817 SF
- Land area
- 0.94 acres
- Year built
- 2004
- Lease type
- NN
- Lease expiration
- 04/30/2039
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.