Auto Parts
AutoZone Hazle Township
96 Airport Rd, Hazle Township, PA 18202
Listing Price: $2,000,000
Investment Overview
10-YEAR BELOW MARKET CORPORATE LEASE WITH INCREASES – The tenant, AutoZone, Inc.
recently signed a 10-year NN corporately guaranteed lease, agreeing to pay $10 per square foot, which
is indicative of a second-generation lease rate. The tenant plans to open in July 2025, following the
completion of their retrofit.
Broker of Record
Listing Price: $2,000,000
Investment Highlights
- NEW 10-YEAR CORPORATE LEASE WITH 10% INCREASE IN YEAR 6
- LOW RENT WITH SUBSTANTIAL TENANT INVESTMENT
- OFFERS DEPRECIATION; RETROFIT BUILDING WITH NEW ROOF
Investment Overview
10-YEAR BELOW MARKET CORPORATE LEASE WITH INCREASES – The tenant, AutoZone, Inc. recently signed a 10-year NN corporately guaranteed lease, agreeing to pay $10 per square foot, which is indicative of a second-generation lease rate. The tenant plans to open in July 2025, following the completion of their retrofit.
Broker of Record
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