AutoZone - Net Lease Property for Sale
Jackson, MS
Key Investment Metrics
Price
$1,035,400
Cap Rate
6.0%
Net Operating Income
$62,124
Building Size
14180 SF
Lot Size
14,180 SF
Land Area
0.99 Acres
Remaining Term
11.5 years
Lease Expiration
12/31/2037
Lease Term
47 years
Lease Commencement
01/25/1991
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
1991
Occupancy
100%
Tenancy
Single
Rent Increases
5% every 5-years in base term & options
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Jackson, MS and represents an excellent investment opportunity for commercial real estate investors. The property features 14180 square feet of building space and was built in 1991.
With a cap rate of 6.0%, this AutoZone net lease property offers stable income potential. The asking price is $1,035,400, 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.
Jackson, MS Market Overview
Located in Jackson, MS, this AutoZone property benefits from strong local demographics and market fundamentals. The Jackson area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.