AutoZone - Net Lease Property for Sale
Rio Grande City, TX
Key Investment Metrics
Price
$3,140,000
Cap Rate
4.5%
Net Operating Income
$141,300
Building Size
7189 SF
Lot Size
7,189 SF
Land Area
1.83 Acres
Remaining Term
15 years
Lease Expiration
12/31/2040
Lease Term
15.1 years
Lease Commencement
11/15/2025
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
10% Increase in January 2029 and 5% at Option Periods
About This AutoZone Net Lease Property
This AutoZone NNN (triple net lease) property is located in Rio Grande City, TX and represents an excellent investment opportunity for commercial real estate investors. The property features 7189 square feet of building space and was built in 2001.
With a cap rate of 4.5%, this AutoZone net lease property offers stable income potential. The asking price is $3,140,000, 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.
Rio Grande City, TX Market Overview
Located in Rio Grande City, TX, this AutoZone property benefits from strong local demographics and market fundamentals. The Rio Grande City area offers excellent visibility and accessibility, making it an ideal location for AutoZone operations and a solid investment for net lease property buyers.