AutoZone - Net Lease Property for Sale
Lisle, IL
Key Investment Metrics
Price
$2,008,695
Cap Rate
5.8%
Net Operating Income
$115,500
Building Size
7001 SF
Lot Size
7,001 SF
Land Area
1 Acres
Remaining Term
9.1 years
Lease Expiration
08/31/2035
Lease Term
30.8 years
Lease Commencement
11/02/2004
Lease Type
NN
Tenant Credit
Credit Rated
Year Built
1970
Occupancy
100%
Tenancy
Single
Rent Increases
6% in 2030 and 10% in Options
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Lisle, IL and represents an excellent investment opportunity for commercial real estate investors. The property features 7001 square feet of building space and was built in 1970.
With a cap rate of 5.8%, this AutoZone net lease property offers stable income potential. The asking price is $2,008,695, 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.
Lisle, IL Market Overview
Located in Lisle, IL, this AutoZone property benefits from strong local demographics and market fundamentals. The Lisle area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.