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Auto Parts

AutoZone

4347 US-130, Beverly, NJ 08010

Listing Price: $3,789,333

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17

Investment Overview

Corporate guaranteed lease by AutoZone, Inc., an investment grade credit rated tenant “BBB” by Standard & Poor’s provides Ownership with a financially solid, essential, net leased investment for years to come.

Investment Highlights

  • AutoZone corporate guaranteed lease with ten years of base term and three, five-year options with rent increases in each of the option periods only.
  • The triple net (NNN) lease structure provides ownership with peace of mind and a hedge against rising costs, taxes and insurance along with replaceable market rent.
  • AutoZone extended their lease early during the height of the COVID-19 pandemic in March 2020 which shows strong commitment to the location and a long-term vision for the site.
  • The five-mile population of 200,767 people with an average household income of $94,042 is ideal for AutoZone's targeted clientele base.

Exclusively Listed By

Financing By

Listing Price: $3,789,333

Cap Rate
4.50%
Tenant Name
AutoZone
Years Remaining On Lease
10.1
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.17

Investment Highlights

  • AutoZone corporate guaranteed lease with ten years of base term and three, five-year options with rent increases in each of the option periods only.
  • The triple net (NNN) lease structure provides ownership with peace of mind and a hedge against rising costs, taxes and insurance along with replaceable market rent.
  • AutoZone extended their lease early during the height of the COVID-19 pandemic in March 2020 which shows strong commitment to the location and a long-term vision for the site.
  • The five-mile population of 200,767 people with an average household income of $94,042 is ideal for AutoZone's targeted clientele base.

Investment Overview

Corporate guaranteed lease by AutoZone, Inc., an investment grade credit rated tenant “BBB” by Standard & Poor’s provides Ownership with a financially solid, essential, net leased investment for years to come.

Exclusively Listed By

Financing By

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