Auto Parts
902 W Ocean Blvd
902 W Ocean Blvd, Los Fresnos, TX 78566
Listing Price: $689,000
Investment Overview
Marcus & Millichap is pleased to exclusively present a ± 7,360 square foot AutoZone Absolute NNN round Lease located at 902 West Ocean Boulevard in Los Fresnos, Texas. Situated on a large ± 45,000 square foot lot, the property is built in Year 2005 and is near numerous retail properties, including a Walmart Supercenter. AutoZone holds a Standard & Poor’s credit rating of BBB (Investment Grade) and is rated the number one supplier of aftermarket auto parts. A landlord has zero responsibilities as the lease is Absolute Net. AutoZone has 20 months remaining on the original 20-year lease term with four, five-year options to renew. The lease carries a 5 percent rental increases in each option period.
Founded in 1979, AutoZone has ± 6,700 stores across the United States, Mexico, Puerto Rico and Brazil. The company is based in Memphis, Tennessee and all AutoZone stores are corporately owned.
According to AutoZone’s latest financial reports the company’s current revenue (TTM) is $16.88 Billion.
902 W Ocean Blvd
Investment Highlights
- Standard & Poor's Credit Rating of BBB (Investment Grade)
- $16.25 Billion in Annual Sales with ± 6,943 Locations
- Absolute NNN Ground Lease with ± 20 Months Remaining on the Initial 20 Year Term Lease. Four, Five Year Options to Renew with 5% Increases
- Large Lot of ± 45,000 Sq. Ft / 1.03 Acres, Building Size of ± 7,360 Sq. Ft. & Built in Year 2005
Exclusively Listed By
Broker of Record
Listing Price: $689,000
Investment Highlights
- Standard & Poor's Credit Rating of BBB (Investment Grade)
- $16.25 Billion in Annual Sales with ± 6,943 Locations
- Absolute NNN Ground Lease with ± 20 Months Remaining on the Initial 20 Year Term Lease. Four, Five Year Options to Renew with 5% Increases
- Large Lot of ± 45,000 Sq. Ft / 1.03 Acres, Building Size of ± 7,360 Sq. Ft. & Built in Year 2005
Investment Overview
Marcus & Millichap is pleased to exclusively present a ± 7,360 square foot AutoZone Absolute NNN round Lease located at 902 West Ocean Boulevard in Los Fresnos, Texas. Situated on a large ± 45,000 square foot lot, the property is built in Year 2005 and is near numerous retail properties, including a Walmart Supercenter. AutoZone holds a Standard & Poor’s credit rating of BBB (Investment Grade) and is rated the number one supplier of aftermarket auto parts. A landlord has zero responsibilities as the lease is Absolute Net. AutoZone has 20 months remaining on the original 20-year lease term with four, five-year options to renew. The lease carries a 5 percent rental increases in each option period. Founded in 1979, AutoZone has ± 6,700 stores across the United States, Mexico, Puerto Rico and Brazil. The company is based in Memphis, Tennessee and all AutoZone stores are corporately owned. According to AutoZone’s latest financial reports the company’s current revenue (TTM) is $16.88 Billion.
Exclusively Listed By
Broker of Record
