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Auto Service - Gas-Conv

AutoZone

3500 Greensboro Ave, Tuscaloosa, AL 35401

Listing Price: $642,000

Cap Rate
4.75%
Tenant Name
AutoZone
Years Remaining On Lease
1.5
Gross SF
6,884
Guarantor
Corporate Guarantee
Rentable SF
6,884
Price/Gross SF
$93.26
Lease Type
Ground Lease
Rent Per Square Feet
$4.42

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease AutoZone in Tuscaloosa, Alabama. The property consists of a 6,884-square-foot, freestanding building that sits on approximately 1.0 acres of land. There are 1.5 years remaining on the lease with rental increases in each option.

Investment Highlights

  • Corporate Ground Lease with 1.5 Years Remaining
  • Low Price Point and Below-Market Rent ($4.42/SF)
  • Commitment to Site – Tenant has Operated at this Location for 29 Years
  • One-Acre Site Near the University of Alabama
  • Signalized Hard Corner Location on Greensboro Avenue and 35th Street; Combined Traffic Counts Exceed 48,235 Vehicles per Day

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Auto Service - Gas-Conv

AutoZone

Listing Price: $642,000

Cap Rate
4.75%
Tenant Name
AutoZone
Years Remaining On Lease
1.5
Gross SF
6,884
Guarantor
Corporate Guarantee
Rentable SF
6,884
Price/Gross SF
$93.26
Lease Type
Ground Lease
Rent Per Square Feet
$4.42

Investment Highlights

  • Corporate Ground Lease with 1.5 Years Remaining
  • Low Price Point and Below-Market Rent ($4.42/SF)
  • Commitment to Site – Tenant has Operated at this Location for 29 Years
  • One-Acre Site Near the University of Alabama
  • Signalized Hard Corner Location on Greensboro Avenue and 35th Street; Combined Traffic Counts Exceed 48,235 Vehicles per Day

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a ground lease AutoZone in Tuscaloosa, Alabama. The property consists of a 6,884-square-foot, freestanding building that sits on approximately 1.0 acres of land. There are 1.5 years remaining on the lease with rental increases in each option.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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