AutoZone for Sale
Key Investment Metrics
Price
$1,231,000
Cap Rate
5.0%
Net Operating Income
$61,548
Building Size
7327 SF
Land Area
0.45 Acres
Remaining Term
11.5 years
Lease Expiration
12/31/2037
Lease Term
40.4 years
Lease Commencement
08/01/1997
Lease Type
NNN
Tenant Credit
Credit Rated
Year Built
1976
Occupancy
100%
Tenancy
Single
Rent Increases
5% In Options
AI illustration · Not the listed propertyProperty overview
AutoZone
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 7,327 SF
- Land area
- 0.45 acres
- Year built
- 1976
- Lease type
- NNN
- Lease expiration
- 12/31/2037
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.