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Auto Parts

AutoZone Ground Lease | Dense & Affluent Trade Area

1645 GA-42, McDonough (Atlanta MSA), GA 30253

Listing Price: $1,300,000

Cap Rate
5.50%
Tenant Name
AutoZone
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.71

Investment Overview

Marcus & Millichap is pleased to present the AutoZone Ground Lease in McDonough (Atlanta MSA), GA.

Investment Highlights

  • 5-Years Remaining, Absolute NNN Ground Lease
  • 15-Year Operating History at This Location, Tenant Just Exercised 1st Option Period
  • Corporate Guaranty (NYSE: AZO), Investment Grade Credit Rated 'BBB' by S&P
  • AutoZone is the Leading Retailer and Distributor of Auto Replacement Parts and Accessories in the U.S.
  • 10% Rental Increase in 2024 and in Each Option Period
  • Serving Over 71,000 Residents in Rapidly Growing Atlanta Suburb

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Auto Parts

AutoZone Ground Lease | Dense & Affluent Trade Area

Listing Price: $1,300,000

Cap Rate
5.50%
Tenant Name
AutoZone
Years Remaining On Lease
5.3
Guarantor
Corporate Guarantee
Rentable SF
7,360
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.71

Investment Highlights

  • 5-Years Remaining, Absolute NNN Ground Lease
  • 15-Year Operating History at This Location, Tenant Just Exercised 1st Option Period
  • Corporate Guaranty (NYSE: AZO), Investment Grade Credit Rated 'BBB' by S&P
  • AutoZone is the Leading Retailer and Distributor of Auto Replacement Parts and Accessories in the U.S.
  • 10% Rental Increase in 2024 and in Each Option Period
  • Serving Over 71,000 Residents in Rapidly Growing Atlanta Suburb

Investment Overview

Marcus & Millichap is pleased to present the AutoZone Ground Lease in McDonough (Atlanta MSA), GA.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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