Auto Parts
AutoZone - New 15 Year Land & Building Lease
1125 Olive Dr, Bakersfield, CA 93308
Listing Price: $2,876,200
Investment Overview
AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,500 stores in the US, Puerto Rico, Mexico, and Brazil.
The Bakersfield metro lies near the southern end of the San Joaquin Valley and encompasses all of Kern County. The city of Bakersfield, which is the county seat, contains roughly 396,000 residents, and is located just 80 miles from the Los Angeles metropolitan area.
AutoZone - New 15 Year Land & Building Lease
Investment Highlights
- Brand New 15-Year Lease - Significant Capital Invested by AutoZone for the Building's Renovation
- Low, Replaceable Rent in California ($17.32 / SF)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- AutoZone Operates 7,500+ Locations Nationwide
- Situated within Olive Drive Towne Center, Outparcel to Grocery Outlet, Dollar Tree, and Goodwill
Listing Price: $2,876,200
Investment Highlights
- Brand New 15-Year Lease - Significant Capital Invested by AutoZone for the Building's Renovation
- Low, Replaceable Rent in California ($17.32 / SF)
- 10% Rental Increases Every 5 Years with Multiple Renewal Options
- AutoZone Operates 7,500+ Locations Nationwide
- Situated within Olive Drive Towne Center, Outparcel to Grocery Outlet, Dollar Tree, and Goodwill
Investment Overview
AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,500 stores in the US, Puerto Rico, Mexico, and Brazil. The Bakersfield metro lies near the southern end of the San Joaquin Valley and encompasses all of Kern County. The city of Bakersfield, which is the county seat, contains roughly 396,000 residents, and is located just 80 miles from the Los Angeles metropolitan area.
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