AutoZone (GL)

17540 South Golden Road, Golden, CO 80401

$1,111,000

Cap Rate 4.50%

Views: 123 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 17.3	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

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...

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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

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Links

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

Maps

Local Information

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...

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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

Jordan Shtulman

STREAM Capital Partners

Contact

76 Listings
9970 Views
33 Sold

Connor Shell

STREAM Capital Partners

Contact

56 Listings
8549 Views
11 Sold

Jordan Shtulman

Jordan Shtulman is Co-Founder and Managing Principal of STREAM Capital Partners. In 2012, Jordan Shtulman and his partner, Jonathan Wolfe, formed STREAM Capital Partners with the intent to advise institutions, real estate developers, REITs, private equity firms, and business owners on all phases of net leased and sale leaseback properties. Since forming the company, Jordan and Jonathan have led a team of trusted advisors across the country completing over $12 Billion in net leased and sale leas

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Connor Shell

Connor Shell joined STREAM Capital Partners in 2017 as Managing Director expanding our footprint further into Southern California and bringing 8 years of expertise to this area with a long-standing development and investment history. While at STREAM Capital Partners, Connor has grown his transaction footprint, closing deals with major retail developers and private owners throughout the United States. He has developed and strengthened his relationships with private owners, family offices, inst

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