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Auto Parts

AutoZone Ground Lease | 20 Year Term

17520 N Porter Rd, Maricopa, AZ 85138

Listing Price: $1,553,000

Cap Rate
4.25%
Tenant Name
AutoZone Parts, Inc.
Years Remaining On Lease
19.7
Gross SF
7,372
Guarantor
Corporate Guarantee
Rentable SF
7,372
Price/Gross SF
$210.66
Lease Type
NNN Ground Lease
Rent Per Square Feet
$8.95

Investment Overview

Marcus & Millichap is pleased to present for sale AutoZone in Maricopa, Arizona. 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. As one of Arizona’s fastest-growing cities, Maricopa remains rich in history and innate beauty, and remains a fantastic place to raise a family, build a business, or enjoy the warm climate and desert views.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • Eight Percent Rental Increases Every Five Years After Year 10 of the Lease
  • 60,427 Residents within Growing Maricopa Trade Area in the Phoenix MSA - Projected to Increase Over 26 Percent in the Immediate Area by 2027
  • Situated within The Wells, a 50-Acre Mixed-Use Development Anchored by Walmart with Other National Retailers Coming Soon (Tractor Supply Co, Taco Bell, Burger King, Chili's, and More)
  • Surrounded by New Residential and Multifamily Developments
  • Over 18,500 Cars per Day at the Intersection of North Porter Road and West Maricopa-Casa Grande Highway
  • Minutes from Maricopa City Hall and Central Arizona College
  • Average Household Income Exceeds $88,000 within a One-Mile Radius

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Parts

AutoZone Ground Lease | 20 Year Term

Listing Price: $1,553,000

Cap Rate
4.25%
Tenant Name
AutoZone Parts, Inc.
Years Remaining On Lease
19.7
Gross SF
7,372
Guarantor
Corporate Guarantee
Rentable SF
7,372
Price/Gross SF
$210.66
Lease Type
NNN Ground Lease
Rent Per Square Feet
$8.95

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Corporate Ground Lease
  • Eight Percent Rental Increases Every Five Years After Year 10 of the Lease
  • 60,427 Residents within Growing Maricopa Trade Area in the Phoenix MSA - Projected to Increase Over 26 Percent in the Immediate Area by 2027
  • Situated within The Wells, a 50-Acre Mixed-Use Development Anchored by Walmart with Other National Retailers Coming Soon (Tractor Supply Co, Taco Bell, Burger King, Chili's, and More)
  • Surrounded by New Residential and Multifamily Developments
  • Over 18,500 Cars per Day at the Intersection of North Porter Road and West Maricopa-Casa Grande Highway
  • Minutes from Maricopa City Hall and Central Arizona College
  • Average Household Income Exceeds $88,000 within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to present for sale AutoZone in Maricopa, Arizona. 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. As one of Arizona’s fastest-growing cities, Maricopa remains rich in history and innate beauty, and remains a fantastic place to raise a family, build a business, or enjoy the warm climate and desert views.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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