Auto Parts
AutoZone | 20-Years Remain | Lehigh Valley Region | Prominent Signaled Corner Location
501 Wyandotte St, Bethlehem, PA 18015
Listing Price: $3,000,000
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
Financing By
Auto Parts
AutoZone | 20-Years Remain | Lehigh Valley Region | Prominent Signaled Corner Location
Listing Price: $3,000,000
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
Financing By
