Auto Parts
AutoZone - NNN - Options+Increases - Philadelphia MSA
4347 US-130, Beverly, NJ 08010
Listing Price: $2,991,579
Cap Rate
5.70%
Tenant Name
AutoZone
Years Remaining On Lease
5.9
Gross SF
7,360
Guarantor
Corporate Guarantee
Rentable SF
7,360
Price/Gross SF
$406.46
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17
Investment Overview
Exclusively listed by Marcus & Millichap.
AutoZone - NNN - Options+Increases - Philadelphia MSA
Investment Highlights
- Triple Net (NNN) Lease: Ownership receives peace of mind with zero responsibilities and a hedge against rising costs, taxes and insurance along with replaceable market rent.
- Corporate Guaranteed Lease: AutoZone, Inc., an investment grade credit rated tenant "BBB" by Standard & Poor's.
- Options & Increases: AutoZone has three, five-year options with rent increases in each option term periods of 10.0%.
- Replaceable Rent: At $23.17/sf, AutoZone is paying below market replaceable rent which provides upside to Ownership if AutoZone was to ever leave the site.
- Dense Population: The five-mile population of 204,909 people with an average household income of $108,393 is ideal for AutoZone's targeted clientele base.
Exclusively Listed By
Listing Price: $2,991,579
Cap Rate
5.70%
Tenant Name
AutoZone
Years Remaining On Lease
5.9
Gross SF
7,360
Guarantor
Corporate Guarantee
Rentable SF
7,360
Price/Gross SF
$406.46
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17
Investment Highlights
- Triple Net (NNN) Lease: Ownership receives peace of mind with zero responsibilities and a hedge against rising costs, taxes and insurance along with replaceable market rent.
- Corporate Guaranteed Lease: AutoZone, Inc., an investment grade credit rated tenant "BBB" by Standard & Poor's.
- Options & Increases: AutoZone has three, five-year options with rent increases in each option term periods of 10.0%.
- Replaceable Rent: At $23.17/sf, AutoZone is paying below market replaceable rent which provides upside to Ownership if AutoZone was to ever leave the site.
- Dense Population: The five-mile population of 204,909 people with an average household income of $108,393 is ideal for AutoZone's targeted clientele base.
Investment Overview
Exclusively listed by Marcus & Millichap.
Exclusively Listed By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
