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Auto Service - Gas-Conv

AutoZone Ground Lease

6925 US Hwy 98 N, Lakeland, FL 33809

Listing Price: $1,670,000

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Ground Lease
Rent Per Square Feet
$10.20

Investment Overview

Corporate Guaranteed NNN Ground Lease with AutoZone Stores, Inc Located in Lakeland, FL

Investment Highlights

  • Corporate Guaranteed NNN Ground Lease with AutoZone Stores, Inc
  • AutoZone, Inc., a Publicly Traded Company (NYSE:AZO)
  • Investment Grade Tenant (S&P:BBB)
  • AutoZone's Annual Revenue for 2022 was $16.252B, an 11.09% Increase from 2021
  • Initial Twenty-Year Lease with Six Years Remaining | AutoZone has been Successfully Operating at this Location for Thirteen Years
  • 10% Rent Increases Every Five Years, Including Option Periods | Four, Five-Year Renewal Option Periods Remaining
  • Outparcel to Tractor Supply and Shadowed by a Publix Anchored Shopping Center | Numerous National Tenants Nearby
  • Situated On US Hwy 98 (54,500 AADT) | Located Five Miles from Interstate-4 (103,500 AADT)

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

AutoZone Ground Lease

Listing Price: $1,670,000

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
5.7
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Ground Lease
Rent Per Square Feet
$10.20

Investment Highlights

  • Corporate Guaranteed NNN Ground Lease with AutoZone Stores, Inc
  • AutoZone, Inc., a Publicly Traded Company (NYSE:AZO)
  • Investment Grade Tenant (S&P:BBB)
  • AutoZone's Annual Revenue for 2022 was $16.252B, an 11.09% Increase from 2021
  • Initial Twenty-Year Lease with Six Years Remaining | AutoZone has been Successfully Operating at this Location for Thirteen Years
  • 10% Rent Increases Every Five Years, Including Option Periods | Four, Five-Year Renewal Option Periods Remaining
  • Outparcel to Tractor Supply and Shadowed by a Publix Anchored Shopping Center | Numerous National Tenants Nearby
  • Situated On US Hwy 98 (54,500 AADT) | Located Five Miles from Interstate-4 (103,500 AADT)

Investment Overview

Corporate Guaranteed NNN Ground Lease with AutoZone Stores, Inc Located in Lakeland, FL

Exclusively Listed By

Financing By

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