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
AutoZone Ground Lease
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)
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
