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31487 McCabe Road, San Antonio, FL , 33576
  • Size SF 7,381
  • Built/Renov2023
  • Price/SF
    $200
    $220
  • Lease Start11-15-2023
  • Rent/SF$8.81
  • Lease Type Abs NNN
  • Lot/AC1.07
  • Pop 5MI22,750
1,477,272
1,625,000
  • Cap Rate
    4.40%
     
    4.00%
  • NOI $65,000
  • R. Term/Yrs 13.11
  • Guarantor Corp T + R
  • # Units 6,943
  • New construction

  • Shopping Ctr out-parcel

  • Highway location

  • Top 100 MSA

  • Affluent suburb location

  • New development zone

  • Brand new lease

  • Traded and rated company

  • Corporate Guarantee

  • Investment grade tenant

  • ...
  • Brand new 2023 construction | Projected opening November
  • Tenant recently signed a brand-new 15-year ground lease with 4 (5-year) options to extend
  • Lease features 8% rental increases every 5 years
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by AutoZone, Inc. (NYSE: AZO)
  • AutoZone is an investment grade tenant (S&P: BBB)
  • Tenant AutoZone Stores, LLC
  • Guarantor Corp T and Rated
  • #Units 6,943
  • Moody's/S&P Baa1/ BBB
  • Stock NYSE: AZO

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 in Mexico, and 72 stores in Brazil, all of which are corporately owned. AutoZone went public in 1991 (NYSE: AZO) is given an investment grade credit rating of BBB from Standard & Poor’s along with a long-term rating of Baa1 from Moody’s. In fiscal year 2022, the company generated $16.25B in net sales, representing an increase of 11.09% compared with the previous year. As of May 2022, the company employs approximately 85,050 and is recognized on the list of Fortune 500 companies. Their current market cap is $48.19B and they are headquartered in Memphis, TN.

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