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Auto Parts

AutoZone

2601 Hilliard Isle Rd, Kissimmee, FL 34744

Listing Price: $1,222,000

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
7,956
Lease Type
NNN Ground Lease
Rent Per Square Feet
$6.91

Investment Overview

AutoZone - LEASE
- Absolute NNN – Ground Lease | NO Landlord responsibilities
- 7+ years remaining on the original 15-year base term
- 10% rent increases every 5-years | Next 10% rent bump is in ~2 years
- Corporate Guarantee

STRONG REAL ESTATE FUNDAMENTALS
- Extremely Below Market Rent ($6.91 PSF)
- Large Parcel – 0.88 Acres
- Newer Construction – Built in 2015

POPULATION GROWTH / FLORIDA
- Central Florida is one of the fastest growing regions in the United States.
- 13% estimated population growth within a one-, three-, and five-mile radius of the subject property (5-years).
- Massive Population Density (2022)
- 4,671 (one-mile)
- 73,947 (three-mile)
- 155,665 (five-mile)
- Florida – No State Income Tax

AutoZone
- Corporate Guarantee
- BBB S&P Rating
- 7,000+ Locations
- $16.3 Billion Revenue (2022)

Investment Highlights

  • - Absolute NNN – Ground Lease | NO Landlord responsibilities - 7+ years remaining on the original 15-year base term - 10% rent increases every 5-years | Next 10% rent bump is in ~2 years
  • STRONG REAL ESTATE FUNDAMENTALS - Extremely Below Market Rent ($6.91 PSF) - Large Parcel – 0.88 Acres - Newer Construction – Built in 2015
  • AutoZone - Corporate Guarantee - BBB S&P Rating - 7,000+ Locations - $16.3 Billion Revenue (2022)

Exclusively Listed By

Financing By

Listing Price: $1,222,000

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
7,956
Lease Type
NNN Ground Lease
Rent Per Square Feet
$6.91

Investment Highlights

  • - Absolute NNN – Ground Lease | NO Landlord responsibilities - 7+ years remaining on the original 15-year base term - 10% rent increases every 5-years | Next 10% rent bump is in ~2 years
  • STRONG REAL ESTATE FUNDAMENTALS - Extremely Below Market Rent ($6.91 PSF) - Large Parcel – 0.88 Acres - Newer Construction – Built in 2015
  • AutoZone - Corporate Guarantee - BBB S&P Rating - 7,000+ Locations - $16.3 Billion Revenue (2022)

Investment Overview

AutoZone - LEASE - Absolute NNN – Ground Lease | NO Landlord responsibilities - 7+ years remaining on the original 15-year base term - 10% rent increases every 5-years | Next 10% rent bump is in ~2 years - Corporate Guarantee STRONG REAL ESTATE FUNDAMENTALS - Extremely Below Market Rent ($6.91 PSF) - Large Parcel – 0.88 Acres - Newer Construction – Built in 2015 POPULATION GROWTH / FLORIDA - Central Florida is one of the fastest growing regions in the United States. - 13% estimated population growth within a one-, three-, and five-mile radius of the subject property (5-years). - Massive Population Density (2022) - 4,671 (one-mile) - 73,947 (three-mile) - 155,665 (five-mile) - Florida – No State Income Tax AutoZone - Corporate Guarantee - BBB S&P Rating - 7,000+ Locations - $16.3 Billion Revenue (2022)

Exclusively Listed By

Financing By

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