Auto Parts
AutoZone | 15-Years Remaining | Philadelphia MSA | Growing Chester County Location
3361 Lincoln Hwy, Parkesburg, PA 19365
Listing Price: $1,893,333
Investment Overview
The Tenant, AutoZone, Inc., executed a 15-year absolute NNN ground lease to commence in August 2025. The tenant recently started construction of its building in early March. The lease features rental increases of six percent (6%) every five years during the base term and each of the two, five-year option periods. AutoZone, Inc. (NYSE: AZO) is rated “BBB” by Standard & Poor’s and “BAA1” by Moody’s.
AutoZone | 15-Years Remaining | Philadelphia MSA | Growing Chester County Location
Investment Highlights
- New 15-Year Ground Lease with Six Percent Increases Every Five Years
- Accessible, Large Two-Acre Parcel with High Traffic Counts; ~35,000 VPD
- By Walmart, Home Depot and Forthcoming Target Anchored Development Growing Chester County; Philadelphia Suburb
Broker of Record
Financing By
Auto Parts
AutoZone | 15-Years Remaining | Philadelphia MSA | Growing Chester County Location
Listing Price: $1,893,333
Investment Highlights
- New 15-Year Ground Lease with Six Percent Increases Every Five Years
- Accessible, Large Two-Acre Parcel with High Traffic Counts; ~35,000 VPD
- By Walmart, Home Depot and Forthcoming Target Anchored Development Growing Chester County; Philadelphia Suburb
Investment Overview
The Tenant, AutoZone, Inc., executed a 15-year absolute NNN ground lease to commence in August 2025. The tenant recently started construction of its building in early March. The lease features rental increases of six percent (6%) every five years during the base term and each of the two, five-year option periods. AutoZone, Inc. (NYSE: AZO) is rated “BBB” by Standard & Poor’s and “BAA1” by Moody’s.
Broker of Record
Financing By
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