Skip to main content

Auto Parts

AutoZone Ground Lease

162 Sea Island Pkwy, Beaufort, SC 29907

Listing Price: $1,650,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
15.5
Gross SF
7,400
Guarantor
Corporate Guarantee
Rentable SF
7,400
Price/Gross SF
$222.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.92

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,800 stores in the US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories. Beaufort is located on Port Royal Island, one of the largest Sea Islands along the southeast Atlantic coast of the United States. It is the second oldest city in South Carolina behind Charleston. Geographically, it is situated between Charleston and Savannah on South Carolina's Atlantic Coast. Beaufort is the county seat of Beaufort County and is a primary city within the Hilton Head Island-Bluffton-Beaufort, SC Metropolitan Statistical Area.

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Outparcel to Publix (2014 Relo Store) with Additional Grocery Anchor Support from Food Lion and New Harris Teeter Planned Across the Street
  • Signalized Hard Corner Location with Frontage to 41,000-Plus Cars/Day
  • Easily Replaceable Rent at $8.92/SF and Well Below Market ($19.61/SF)
  • Situated within a Dense Retail Corridor Along the Region's Primary Thoroughfare, Sea Island Parkway (US-21) - Tenants Include Food Lion, Publix, Walgreens, Wendy's, Sonic Drive-In, McDonald's, and Dairy Queen
  • Average Household Income Exceeds $131,000 within a One-Mile Radius
  • Located Between Two Major East Coast Markets (Charleston and Savannah) and within a One-Hour Drive from Savannah/Hilton Head International Airport

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s) SC: 86628

    South Carolina

Financing By

Auto Parts

AutoZone Ground Lease

Listing Price: $1,650,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
15.5
Gross SF
7,400
Guarantor
Corporate Guarantee
Rentable SF
7,400
Price/Gross SF
$222.97
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.92

Investment Highlights

  • Brand New 15-Year Absolute Triple-Net (NNN) Ground Lease
  • Outparcel to Publix (2014 Relo Store) with Additional Grocery Anchor Support from Food Lion and New Harris Teeter Planned Across the Street
  • Signalized Hard Corner Location with Frontage to 41,000-Plus Cars/Day
  • Easily Replaceable Rent at $8.92/SF and Well Below Market ($19.61/SF)
  • Situated within a Dense Retail Corridor Along the Region's Primary Thoroughfare, Sea Island Parkway (US-21) - Tenants Include Food Lion, Publix, Walgreens, Wendy's, Sonic Drive-In, McDonald's, and Dairy Queen
  • Average Household Income Exceeds $131,000 within a One-Mile Radius
  • Located Between Two Major East Coast Markets (Charleston and Savannah) and within a One-Hour Drive from Savannah/Hilton Head International Airport

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,800 stores in the US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories. Beaufort is located on Port Royal Island, one of the largest Sea Islands along the southeast Atlantic coast of the United States. It is the second oldest city in South Carolina behind Charleston. Geographically, it is situated between Charleston and Savannah on South Carolina's Atlantic Coast. Beaufort is the county seat of Beaufort County and is a primary city within the Hilton Head Island-Bluffton-Beaufort, SC Metropolitan Statistical Area.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (843) 952-2300

    License(s): SC: 86628

    South Carolina

Financing By

MM Texture Background
MM Textured Background Lower