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Auto Parts

AutoZone

27970 Clinton Keith Rd, Murrieta, CA 92563

Listing Price: $2,250,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
19.5
Guarantor
Corporate Guarantee
Rentable SF
6,758
Lease Type
NNN Ground Lease
Rent Per Square Feet
$13.32

Investment Overview

The subject property is a brand-new construction ±6,758 square foot AutoZone located in Murrieta (Riverside County), California. The asset is ideally situated in a brand-new construction Costco Anchored center. AutoZone signed a twenty-year absolute triple net ground lease with ten percent (10%) rental increases every five years, and in each of the three, five-year renewal options. AutoZone, a publicly traded company, has been in operation since 1979 and has over 6,400 locations across the United States, Mexico, Puerto Rico, Brazil and the US Virgin Islands.

Investment Highlights

  • Brand New 2023 Construction AutoZone – 20-Year Absolute NNN Ground Lease in Southwest Riverside County Featuring 10% Rental Increases Every Five Years
  • Features Easy Access and Excellent Visibility on Warm Springs Parkway and Clinton Keith Road to Over 27,000 Vehicles Per Day
  • Direct Access to I-215, the Escondido Freeway, which Boasts Daily Traffic Counts of 105,000 Vehicles Per Day
  • Located Within a Brand-new Construction Costco Wholesale Anchored Center
  • Directly Across Clinton Keith Road from Vista Murrieta High School (Over 3,500 Students)
  • Average Household Income of $133,102

Exclusively Listed By

Financing By

Listing Price: $2,250,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
19.5
Guarantor
Corporate Guarantee
Rentable SF
6,758
Lease Type
NNN Ground Lease
Rent Per Square Feet
$13.32

Investment Highlights

  • Brand New 2023 Construction AutoZone – 20-Year Absolute NNN Ground Lease in Southwest Riverside County Featuring 10% Rental Increases Every Five Years
  • Features Easy Access and Excellent Visibility on Warm Springs Parkway and Clinton Keith Road to Over 27,000 Vehicles Per Day
  • Direct Access to I-215, the Escondido Freeway, which Boasts Daily Traffic Counts of 105,000 Vehicles Per Day
  • Located Within a Brand-new Construction Costco Wholesale Anchored Center
  • Directly Across Clinton Keith Road from Vista Murrieta High School (Over 3,500 Students)
  • Average Household Income of $133,102

Investment Overview

The subject property is a brand-new construction ±6,758 square foot AutoZone located in Murrieta (Riverside County), California. The asset is ideally situated in a brand-new construction Costco Anchored center. AutoZone signed a twenty-year absolute triple net ground lease with ten percent (10%) rental increases every five years, and in each of the three, five-year renewal options. AutoZone, a publicly traded company, has been in operation since 1979 and has over 6,400 locations across the United States, Mexico, Puerto Rico, Brazil and the US Virgin Islands.

Exclusively Listed By

Financing By

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