Skip to main content

Auto Parts

AutoZone

1235 S Market St, Elizabethtown, PA 17022

Listing Price: $2,800,000

Cap Rate
5.00%
Tenant Name
AutoZone
Years Remaining On Lease
16.8
Gross SF
6,816
Guarantor
Corporate Guarantee
Rentable SF
6,816
Price/Gross SF
$410.80
Lease Type
Double Net
Rent Per Square Feet
$20.54

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 6,816-square-foot AutoZone located in Elizabethtown, Pennsylvania. AutoZone Development LLC has approximately 16.8 years remaining on its double-net lease. The lease features five percent rental increases every five years throughout the primary term and four additional five-year renewal options.

The property is situated on 1.15 acres along South Market Street, the area’s primary commercial corridor. The site is located near Elizabethtown College and Elizabethtown Area High School, and several recent residential developments by Ryan Homes have been completed approximately 1.2 miles from the property.

Located 20.1 miles southeast of Harrisburg, Pennsylvania, and 83.5 miles west of Philadelphia, Elizabethtown offers convenient access to Interstate 76 (Pennsylvania Turnpike), State Route 283 and State Route 230, providing strong regional connectivity.

Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone is the nation’s leading automotive replacement parts retailer. The company operates more than 7,856 stores and plans to open approximately 365 new stores during fiscal year 2026. AutoZone recently achieved a BBB investment-grade credit rating.

As the leading auto parts retailer in the United States, AutoZone remains well-positioned for continued growth, making this offering an attractive opportunity for investors seeking a long-term net-lease investment backed by a nationally recognized tenant.

Investment Highlights

  • Nearly 17 Years Remaining in Lease Term
  • Five Percent Rent Increases Every Five Years in Firm Term and Four, Five-Year Renewal Options
  • Located 0.7 Miles from Elizabethtown College, Home to 2,283 Students
  • 46,395 People With $106,762 Average Household Income Within Five-Mile Radius
  • Limited Landlord Responsibilities and BBB Investment-Grade Credit Tenant
  • Brand New 39-Home Bear Creek Estates and 209-Homesite Klein Mills 55-Plus Residential Developments by Ryan Homes 1.2 Miles Northeast

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s) PA: RMR006104

    Pennsylvania

Listing Price: $2,800,000

Cap Rate
5.00%
Tenant Name
AutoZone
Years Remaining On Lease
16.8
Gross SF
6,816
Guarantor
Corporate Guarantee
Rentable SF
6,816
Price/Gross SF
$410.80
Lease Type
Double Net
Rent Per Square Feet
$20.54

Investment Highlights

  • Nearly 17 Years Remaining in Lease Term
  • Five Percent Rent Increases Every Five Years in Firm Term and Four, Five-Year Renewal Options
  • Located 0.7 Miles from Elizabethtown College, Home to 2,283 Students
  • 46,395 People With $106,762 Average Household Income Within Five-Mile Radius
  • Limited Landlord Responsibilities and BBB Investment-Grade Credit Tenant
  • Brand New 39-Home Bear Creek Estates and 209-Homesite Klein Mills 55-Plus Residential Developments by Ryan Homes 1.2 Miles Northeast

Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 6,816-square-foot AutoZone located in Elizabethtown, Pennsylvania. AutoZone Development LLC has approximately 16.8 years remaining on its double-net lease. The lease features five percent rental increases every five years throughout the primary term and four additional five-year renewal options. The property is situated on 1.15 acres along South Market Street, the area’s primary commercial corridor. The site is located near Elizabethtown College and Elizabethtown Area High School, and several recent residential developments by Ryan Homes have been completed approximately 1.2 miles from the property. Located 20.1 miles southeast of Harrisburg, Pennsylvania, and 83.5 miles west of Philadelphia, Elizabethtown offers convenient access to Interstate 76 (Pennsylvania Turnpike), State Route 283 and State Route 230, providing strong regional connectivity. Founded in 1979 and headquartered in Memphis, Tennessee, AutoZone is the nation’s leading automotive replacement parts retailer. The company operates more than 7,856 stores and plans to open approximately 365 new stores during fiscal year 2026. AutoZone recently achieved a BBB investment-grade credit rating. As the leading auto parts retailer in the United States, AutoZone remains well-positioned for continued growth, making this offering an attractive opportunity for investors seeking a long-term net-lease investment backed by a nationally recognized tenant.

Broker of Record

  • Timothy B. Stephenson Jr

    Managing Director, Market Leader - Philadelphia

    (215) 531-7000

    License(s): PA: RMR006104

    Pennsylvania

MM Texture Background
MM Textured Background Lower