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Auto Parts

AutoZone (Absolute Net)

2301 Lavon Dr, Garland, TX 75040

Listing Price: $3,000,000

Cap Rate
4.16%
Tenant Name
AutoZone
Years Remaining On Lease
11.7
Gross SF
7,235
Guarantor
Corporate Guarantee
Rentable SF
7,235
Price/Gross SF
$414.65
Lease Type
Absolute Net
Rent Per Square Feet
$17.25

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a rare, absolute net lease AutoZone in Garland, TX. The property consists of a 7,235-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are approximately 11.8 years remaining on the current lease term, with a rental escalation scheduled in the main term, as well as the option periods. The property has excellent access and visibility on Lavon Drive, where traffic counts exceed 37,905 vehicles per day. The area is extremely dense with more than 289,782 residents within a five-mile radius.

Investment Highlights

  • Superior Lease Structure Compared to Other AutoZone Locations – Rare Absolute Net Lease with 11.8 Years Remaining
  • 2022 Lease Extension – AutoZone has Operated at this Location for 22 Years
  • Excellent Access and Visibility on Lavon Drive, Where Traffic Counts Exceed 37,905 Vehicles per Day
  • Easy Access to President George Bush Turnpike (93,528 VPD)
  • Dallas, TX MSA Infill Asset - 289,782 Residents Within a Five-Mile Radius
  • Corporate Guarantee from AutoZone Parts, Inc. (NYSE: AZO)

Exclusively Listed By

Financing By

Auto Parts

AutoZone (Absolute Net)

Listing Price: $3,000,000

Cap Rate
4.16%
Tenant Name
AutoZone
Years Remaining On Lease
11.7
Gross SF
7,235
Guarantor
Corporate Guarantee
Rentable SF
7,235
Price/Gross SF
$414.65
Lease Type
Absolute Net
Rent Per Square Feet
$17.25

Investment Highlights

  • Superior Lease Structure Compared to Other AutoZone Locations – Rare Absolute Net Lease with 11.8 Years Remaining
  • 2022 Lease Extension – AutoZone has Operated at this Location for 22 Years
  • Excellent Access and Visibility on Lavon Drive, Where Traffic Counts Exceed 37,905 Vehicles per Day
  • Easy Access to President George Bush Turnpike (93,528 VPD)
  • Dallas, TX MSA Infill Asset - 289,782 Residents Within a Five-Mile Radius
  • Corporate Guarantee from AutoZone Parts, Inc. (NYSE: AZO)

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a rare, absolute net lease AutoZone in Garland, TX. The property consists of a 7,235-square-foot, freestanding building that sits on approximately 0.96 acres of land. There are approximately 11.8 years remaining on the current lease term, with a rental escalation scheduled in the main term, as well as the option periods. The property has excellent access and visibility on Lavon Drive, where traffic counts exceed 37,905 vehicles per day. The area is extremely dense with more than 289,782 residents within a five-mile radius.

Exclusively Listed By

Financing By

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