Listed by CIRE Partners
$2,250,000
AutoZone - Oakley, CA
Details
APN 035-011-027-6
Property Type Retail
Sub Type Auto Shop, Convenience Store
Net Rentable (SqFt) 4,000
Cap Rate 4.00%
NOI $90,000
Tenancy Single
Brand/Tenant AutoZone
Lease Type NN
Lease Expiration 12/31/2029
Remaining Term 3.5
Rent Bumps Yes
Lease Options Two (2) - 5 year
Year Built 1991
Year Renovated 1998
Acreage 0.490
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/20/1990
Occupancy Date 11/20/1990
Ownership Fee Simple (Land & Building)
AutoZone | Oakley, CA | 4.00% CAP
Marketing description
CIRE Partners is pleased to present a single-tenant net leased investment offering consisting of the fee-simple interest in a AutoZone (the "Property" or "Asset") located in Oakley, CA. The Property is a ±4,000 SF on 0.49 AC operating with a corporate guaranty. The site benefits from strong real estate fundamentals, secure tenant synergy, direct visibility from highly trafficked thoroughfares, and sits directly on shopping center’s busiest ingress/egress access point.
This is a rare opportunity for qualified investors to acquire a single-tenant net leased trophy asset in one of the strongest growing incorporated cities in the nine-county San Francisco Bay Area.
Investment highlights
Located on an Outparcel of the Oakley Town Center Shopping Center Anchored by Lucky Grocery Store,
Rite Aid, Burger King, and California Fitness 24/7
Strong Confidence in a Proven Location with Over 34 Years of Experience at the Site
Rare AutoZone Opportunity in Strong California Demographics – Population of Over 166,734 Residents
with an Above Average Household Income Exceeding $103,500 Within a 5-Mile Radius
Recently Exercised 10 Year Lease Extension
Corporately Guaranteed by AutoZone, Inc. – Investment Grade Tenant (S&P: BBB)
AutoZone is the Second Largest Retailer of Aftermarket Automotive Parts and Accessories in the
U.S. and Has an Annual Revenue of $17.48 Billion
Listing Contacts
Listed by CIRE Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$90,000.00
$7,500.00/mo
Valuation Metrics
0
DSCR
4%
Cap Rate
4%
ROI
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