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AutoZone (GL)

17540 South Golden Road, Golden, CO 80401

$1,111,000

Cap Rate 4.50%

Views: 24 DOM: 43 Updated: 05.03.24 Posted: 03.06.24 Status: Sold 04.18.24

Summary

Price $1,111,000
Built/Renov 2023
Tenant AutoZone (GL)
Cap Rate 4.50%
Lease Type Abs NNN
Guarantor Corp T and Rated
Size/SF 4,099
Lease Start 04-01-2023
#Units 6,943
Price/SF $271.04
Expiration 03-31-2042
Tenant Type Automotive
NOI $50,000
R. Term 17.10
Ownership Ground Lease
Rent/SF $12.20
Increases 7.5%/5/yrs
Pop 5Mi 107,463
Lot/AC 0.40
Options 4/5yrs/7.5%
AHHI 5Mi $127,790

Jordan Shtulman
STREAM Capital Partners
Contact

Connor Shell
STREAM Capital Partners
Contact

Lease Highlights

  • New 2023 construction
  • Auto Zone has 18 years remaining remaining on the current ground lease term with 4 (5-year) options to extend
  • The lease features 7.5% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guarantee | Investment grade tenant

Location Description

AutoZone is strategically located on S Golden Road, with access to 16,000 vehicles passing daily. Located directly opposite a King Soopers-anchored center, the area is home to several well-known national tenants, such as Whole Foods, Marshalls, Target, Dick’s Sporting Goods, Jiffy Lube, and more. Additionally, the property is conveniently situated within a three-minute drive from Golden High...

...

Key Features

  • New construction

  • Dense retail corridor

  • Near major nationals

  • Top 100 MSA

  • Strong demographics

  • Long 15+ yr lease

  • Absolute NNN

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

    • ...

Links

AutoZone Wikipedia AutoZone Wikipedia Golden, Colorado Zip Code 80401 Broker Site Page

Documents

Download OM

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: AutoZone
  • Guarantor:Corp T and Rated
  • Company:AutoZone, Inc.
  • # Units:6,943
  • Tenant S&P: BBB
  • Moody’s: Baa1
  • Stock: NYSE: AZO

About Tenant

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...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 7,259 39,047 111,197
2023 Total Population : 7,111 38,393 109,708
2023 Employed Civilian Pop : 3,752 21,380 61,881
2023 Total Businesses : 343 2,424 6,023
2023 Average Household Income : $ 115,265 $ 142,328 $ 137,979
2023 Total Consumer Spending : $ 292 M $ 1880 M $ 5424 M
2023 Median Age : 37 40 43
2023 Total Households : 2,905 15,439 45,904
2023 Pop Age 25+: Bachelor's Degree : 1,345 8,778 26,381
2023 Average Home Value : $ 666,337 $ 696,737 $ 691,594
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
South Golden Road Utah St 2018 13,692 0.17 mi
S Golden Rd Utah St 2018 13,692 0.18 mi
Johnson Rd W 14th Ave 2018 12,445 0.20 mi
Johnson Road S Golden Rd 2018 12,445 0.21 mi
S Golden Rd Johnson Rd 2018 20,835 0.26 mi
South Golden Road Johnson Rd 2018 20,835 0.27 mi
ULYSSES ST W 12th Ave 2019 3,600 0.30 mi
S Golden Rd Ulysses St 2011 12,216 0.31 mi
S Golden Rd Rimrock Dr 2010 18,242 0.34 mi
W 12th Ave Ulysses St 2001 517 0.35 mi

Listing Broker

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