| Price $1,470,000 | Built/Renov 2024 | Tenant AutoZone (GL) |
| Cap Rate 5.10% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
6,000
| Lease Start
04-01-2024
| #Units
6,943
|
| Price/SF $245.00 | Expiration
03-31-2039
| Tenant Type Automotive |
| NOI $75,000 | R. Term 14.10 | Ownership Ground Lease |
| Rent/SF
$12.50
| Increases 6.0%/11/yrs | Pop 5Mi 98,726 |
| Lot/AC 0.56 | Options 4/5yrs/6% | AHHI 5Mi $101,363 |
| | |
AutoZone is strategically located at the signalized, hard corner intersection of Rivertree Drive and Texas Hwy 46, with access to a combined daily traffic count of 37,000 vehicles. The property is surrounded by well-known national tenants such as Kohl’s, The Home Depot, Office Depot, Olive Garden, Dollar General, Dunkin’, Dutch Bros, and more. The 5-mile trade area boasts a population of...
...New construction
Signalized intersection
Dense retail corridor
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Traded and rated company
Corporate Guarantee
AutoZone, Inc. is an American retailer of aftermarket automotive parts and accessories, the largest in the U.S. Founded in 1979, the chain now has 6,168 stores in 50 states in the U.S., 703 stores...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 7,400 | 59,970 | 117,889 |
| 2023 Total Population : | 6,912 | 55,541 | 104,550 |
| 2023 Employed Civilian Pop : | 3,729 | 27,188 | 49,809 |
| 2023 Total Businesses : | 248 | 2,715 | 3,756 |
| 2023 Average Household Income : | $ 94,729 | $ 106,483 | $ 109,210 |
| 2023 Total Consumer Spending : | $ 223 M | $ 2019 M | $ 3759 M |
| 2023 Median Age : | 34 | 37 | 37 |
| 2023 Total Households : | 2,681 | 21,922 | 39,860 |
| 2023 Pop Age 25+: Bachelor's Degree : | 871 | 9,378 | 18,469 |
| 2023 Average Home Value : | $ 256,457 | $ 333,494 | $ 344,066 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| State Hwy 46 | Dollar Dr | 2008 | 24,000 | 0.07 mi |
| Alves Lane | Brown Rock Dr | 2022 | 2,836 | 0.24 mi |
| FM 1101 | Hwy 46 | 2022 | 11,989 | 0.42 mi |
| Freiheit Rd | Advantage Dr | 2013 | 7,744 | 0.42 mi |
| State Hwy 46 | Oelkers Dr | 2013 | 31,155 | 0.44 mi |
| State Highway 46 South | Freiheit Rd | 2022 | 40,825 | 0.47 mi |
| State Highway 46 South | Hwy 46 | 2022 | 34,445 | 0.50 mi |
| I- 35 Frontage | 2010 | 20,700 | 0.62 mi | |
| I- 35 | Hwy 46 | 2013 | 115,201 | 0.68 mi |
| State Highway 46 South | I- 35 N | 2022 | 27,999 | 0.70 mi |
Pinellas Park, FL
Cap Rate 4.50%
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Size/SF 7,385
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Perrysburg, OH
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Waco, TX
Cap Rate 6.00%
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R. Term 14.80 yrs
Size/SF 1,559
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
