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Auto Parts

AutoZone | 20-Years Remain | Lehigh Valley Region | Prominent Signaled Corner Location

501 Wyandotte St, Bethlehem, PA 18015

Listing Price: $3,000,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
20.4
Guarantor
Corporate Guarantee
Rentable SF
6,446
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.62

Investment Overview

The Tenant, AutoZone, Inc., is subject to a new 20-year absolute NNN ground lease to commence in October 2022. The lease features rental increases of six percent (6%) in year eleven and in each of the two, five-year option periods. This provides an excellent hedge against inflation. AutoZone will operate in a 6,446-square-foot store with attractive, upgraded architecture.

Investment Highlights

  • NEW 20-YEAR INVESTMENT GRADE GROUND LEASE
  • PROMINENT SIGNALED CORNER LOCATION (38,700 VPD)
  • INDUSTRY-LEADING AUTO PARTS RETAILER; "BBB" BY S&P/BAA1 BY MOODY'S

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Parts

AutoZone | 20-Years Remain | Lehigh Valley Region | Prominent Signaled Corner Location

Listing Price: $3,000,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
20.4
Guarantor
Corporate Guarantee
Rentable SF
6,446
Lease Type
NNN Ground Lease
Rent Per Square Feet
$18.62

Investment Highlights

  • NEW 20-YEAR INVESTMENT GRADE GROUND LEASE
  • PROMINENT SIGNALED CORNER LOCATION (38,700 VPD)
  • INDUSTRY-LEADING AUTO PARTS RETAILER; "BBB" BY S&P/BAA1 BY MOODY'S

Investment Overview

The Tenant, AutoZone, Inc., is subject to a new 20-year absolute NNN ground lease to commence in October 2022. The lease features rental increases of six percent (6%) in year eleven and in each of the two, five-year option periods. This provides an excellent hedge against inflation. AutoZone will operate in a 6,446-square-foot store with attractive, upgraded architecture.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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