AutoZone - Net Lease Property for Sale
Minneapolis, MN
Key Investment Metrics
Price
$3,520,000
Cap Rate
6.0%
Net Operating Income
$211,200
Building Size
10886 SF
Lot Size
10,886 SF
Land Area
0.75 Acres
Remaining Term
11 years
Lease Term
15 years
Lease Type
NNN
Year Built
2021
Occupancy
100%
Tenancy
Single
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Minneapolis, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 10886 square feet of building space and was built in 2021.
With a cap rate of 6.0%, this AutoZone net lease property offers stable income potential. The asking price is $3,520,000, 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.
Minneapolis, MN Market Overview
Located in Minneapolis, MN, this AutoZone property benefits from strong local demographics and market fundamentals. The Minneapolis area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.