Auto Parts

AutoZone

339 West Ave, Tallmadge, OH 44278

Listing Price: $810,000

Cap Rate
5.63%
Tenant Name
AutoZone Development LLC
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
8,800
Lease Type
Double Net
Rent Per Square Feet
$5.18

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 5,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories. The City of Tallmadge is located in Northeast Ohio 35 miles southeast of Cleveland and adjacent to Akron. The city was founded in 1807 and today is home to approximately 17,500 people living in over 7,000 households. Tallmadge is located within Ohio’s Summit and Portage counties, and is a suburb of Akron.

Investment Highlights

  • Seven Years Remaining on Corporate Lease Term - Tenant Exercised 10-Year Lease Extension in 2017
  • Nine Years Remaining on 15-Year Transferable Roof Warranty
  • 29 Year Operating History, Showing Commitment to the Site
  • 205,050 Residents within a Five-Mile Radius - Akron MSA
  • Situated Along Tallmadge's Main Thoroughfare

Exclusively Listed By

Listing Price: $810,000

Cap Rate
5.63%
Tenant Name
AutoZone Development LLC
Years Remaining On Lease
6.8
Guarantor
Corporate Guarantee
Rentable SF
8,800
Lease Type
Double Net
Rent Per Square Feet
$5.18

Investment Highlights

  • Seven Years Remaining on Corporate Lease Term - Tenant Exercised 10-Year Lease Extension in 2017
  • Nine Years Remaining on 15-Year Transferable Roof Warranty
  • 29 Year Operating History, Showing Commitment to the Site
  • 205,050 Residents within a Five-Mile Radius - Akron MSA
  • Situated Along Tallmadge's Main Thoroughfare

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 5,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and re-manufactured hard parts, maintenance items and accessories. The City of Tallmadge is located in Northeast Ohio 35 miles southeast of Cleveland and adjacent to Akron. The city was founded in 1807 and today is home to approximately 17,500 people living in over 7,000 households. Tallmadge is located within Ohio’s Summit and Portage counties, and is a suburb of Akron.

Exclusively Listed By

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