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Auto Parts

AutoZone Distribution and Retail Store

4824 Whipple Ave NW, Canton, OH 44718

Listing Price: $4,150,000

Cap Rate
4.25%
Tenant Name
AutoZone
Years Remaining On Lease
15.0
Gross SF
22,009
Guarantor
Corporate Guarantee
Rentable SF
22,009
Price/Gross SF
$188.56
Lease Type
Double Net
Rent Per Square Feet
$8.01

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, AutoZone in Canton, Ohio. The subject property is a new AutoZone distribution hub and retail store with 15 years remaining on the lease. This is a rare, 22,000-square-foot facility that functions as a distribution center, trail store, and local delivery hub. AutoZone is being offered for $4.15 million.

Investment Highlights

  • New AutoZone Distribution Hub and Retail Store 15-Year Lease in Canton, Ohio
  • Rare 22,000-Square-Foot Facility Functioning as a Distribution Center, Retail Store, and Local Delivery Hub
  • Low/Replaceable Rent of $8 per Square Foot Provides AutoZone with a Low Overall Cost of Occupancy
  • Minimal Landlord Responsibilities – Tenant Responsible for Roof, HVAC, and Majority of Parking Lot Responsibilities
  • Located Within Extremely Dense "Belden Village" Trade Area with 11 Million Square Feet of Retail, Office and Industrial Space Leased to 96.5 Percent Occupancy
  • New Tenant/Lease of Existing Building – Building was Gut Renovated in 2021 with New Roof with 20-Year Warranty, All New HVAC Units
  • Six Percent Rent Increases Every Five Years of Current Term and In Options
  • Dense Demographics: 57,040 Residents within Three Miles and 164,698 Residents Within Five Miles; Average Household Income of $80,000 in a Three-Mile Radius

Exclusively Listed By

Auto Parts

AutoZone Distribution and Retail Store

Listing Price: $4,150,000

Cap Rate
4.25%
Tenant Name
AutoZone
Years Remaining On Lease
15.0
Gross SF
22,009
Guarantor
Corporate Guarantee
Rentable SF
22,009
Price/Gross SF
$188.56
Lease Type
Double Net
Rent Per Square Feet
$8.01

Investment Highlights

  • New AutoZone Distribution Hub and Retail Store 15-Year Lease in Canton, Ohio
  • Rare 22,000-Square-Foot Facility Functioning as a Distribution Center, Retail Store, and Local Delivery Hub
  • Low/Replaceable Rent of $8 per Square Foot Provides AutoZone with a Low Overall Cost of Occupancy
  • Minimal Landlord Responsibilities – Tenant Responsible for Roof, HVAC, and Majority of Parking Lot Responsibilities
  • Located Within Extremely Dense "Belden Village" Trade Area with 11 Million Square Feet of Retail, Office and Industrial Space Leased to 96.5 Percent Occupancy
  • New Tenant/Lease of Existing Building – Building was Gut Renovated in 2021 with New Roof with 20-Year Warranty, All New HVAC Units
  • Six Percent Rent Increases Every Five Years of Current Term and In Options
  • Dense Demographics: 57,040 Residents within Three Miles and 164,698 Residents Within Five Miles; Average Household Income of $80,000 in a Three-Mile Radius

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale, AutoZone in Canton, Ohio. The subject property is a new AutoZone distribution hub and retail store with 15 years remaining on the lease. This is a rare, 22,000-square-foot facility that functions as a distribution center, trail store, and local delivery hub. AutoZone is being offered for $4.15 million.

Exclusively Listed By

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