Auto Parts
AutoZone l NNN Lease l Philadelphia MSA
4347 US-130, Beverly, NJ 08010
Listing Price: $3,100,364
Tenant Name
AutoZone
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Triple Net (NNN)
Investment Overview
Marcus & Millichap is proud to exclusive represent Ownership in their AutoZone disposition which is rated 'BBB' by Standard and Poor's.
AutoZone l NNN Lease l Philadelphia MSA
Investment Highlights
- *Detailed financials available in offering memorandum after execution of confidentiality agreement*
- Corporate Guaranteed Lease: AutoZone, Inc., an investment grade credit rated tenant "BBB" by Standard & Poor's.
- Triple Net (NNN) Lease: Ownership receives peace of mind with zero responsibilities and a hedge against rising costs, taxes and insurance along with replaceable market rent.
- Replaceable Rent: At $23.17/sf, AutoZone is paying below market replaceable rent which provides upside to Ownership if AutoZone was to ever leave the site.
- Early Lease Extension: AutoZone extended their lease early during the height of the COVID-19 pandemic in March 2020 which shows strong commitment to the location and long-term vision for the site.
- Options & Increases: AutoZone has three, five-year options with rent increases in each option term periods of 10.0%.
- Dense Population: The five-mile population of 201,949 people with an average household income of $103,447 is ideal for AutoZone's targeted clientele base.
Exclusively Listed By
Listing Price: $3,100,364
Tenant Name
AutoZone
Years Remaining On Lease
6.9
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Triple Net (NNN)
Investment Highlights
- *Detailed financials available in offering memorandum after execution of confidentiality agreement*
- Corporate Guaranteed Lease: AutoZone, Inc., an investment grade credit rated tenant "BBB" by Standard & Poor's.
- Triple Net (NNN) Lease: Ownership receives peace of mind with zero responsibilities and a hedge against rising costs, taxes and insurance along with replaceable market rent.
- Replaceable Rent: At $23.17/sf, AutoZone is paying below market replaceable rent which provides upside to Ownership if AutoZone was to ever leave the site.
- Early Lease Extension: AutoZone extended their lease early during the height of the COVID-19 pandemic in March 2020 which shows strong commitment to the location and long-term vision for the site.
- Options & Increases: AutoZone has three, five-year options with rent increases in each option term periods of 10.0%.
- Dense Population: The five-mile population of 201,949 people with an average household income of $103,447 is ideal for AutoZone's targeted clientele base.
Investment Overview
Marcus & Millichap is proud to exclusive represent Ownership in their AutoZone disposition which is rated 'BBB' by Standard and Poor's.
Exclusively Listed By
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