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29877833
29877834

5702 S Dale Mabry Hwy, Tampa, FL 33611 For Sale

MT
FL BK3217284
STNL
RD
FL SL3631262
STNL
Listed by STNL
$3,375,000
147 days on market
Updated 20 days ago

AutoZone | Hard Corner Lighted Intersection | Tampa, FL

Details
Property Type Retail
Sub Type Auto Shop
Square Footage 6,825
Cap Rate 4.89%
NOI $165,000
Tenancy Single
Brand/Tenant AutoZone
Lease Type NN+
Lease Term 35.9
Lease Expiration 06/30/2041
Remaining Term 15
Rent Bumps Yes
Lease Options Three (3), Five (5) Year
Pro-Forma Cap Rate 5.41%
Pro-Forma NOI $182,500
Acreage 0.640
Tenant Credit Corporate Guarantee
Lease Commencement 07/29/2005

Corporate Guarantee | 18 Year Transferable Roof Warranty | +15 Years Remaining

Marketing description

CLICK ON PHOTO TO WATCH THE MARKETING VIDEO OR GO TO https://www.stnl.com/property/autozone-tampa

CONTACT RYAN DAY: 689-666-9546; rd@stnl.com

STNL.com is pleased to present this 100% fee simple STNL AutoZone in Tampa, FL, located at 5702 S Dale Mabry Hwy Tampa, FL. The property consists of roughly 6,825 rentable square feet of building space on an estimated .64-acre parcel of land. AutoZone is subject to a long-term lease with over 15 years remaining on the term. The current rent is $165,000 with a 10% increase in 2036. There are three (3), five (5)-year tenant renewal option, extending the total possible lease term. Three reasons to acquire this property include:

Corporate Guarantee | Long Term Lease: The subject property is occupied by AutoZone, Inc. under a long-term lease with over 15.5 years of term remaining, providing durable, predictable cash flow for the foreseeable future. The lease is corporately guaranteed by AutoZone, Inc., a publicly traded, investment grade national retailer with a long operating history and strong financial performance. This structure significantly mitigates credit risk and offers investors the security of a corporate-backed income stream, making the asset well-positioned for long-term, passive ownership in a core Tampa retail corridor

Location & Configuration: The property is located along South Dale Mabry Highway, a well-established retail corridor with a dense mix of national and regional retailers that generate consistent traffic. The site benefits from convenient ingress and egress and exposure to over 36,000 vehicles per day. Additionally, the surrounding area supports a robust 3-mile population of approximately 71,994 residents, reinforcing the long-term viability of this location

Recession Proof Tenant: AutoZone operates in the necessity-based automotive parts sector, which has historically performed well during economic downturns. As consumers hold onto vehicles longer, demand for maintenance and repairs has increased, contributing to their 4.8% rise in same store sales. This counter-cyclical business model positions AutoZone as a recession-resistant tenant and provides investors with a stable, defensive income stream.

Listing Contacts

MT
FL BK3217284
STNL
RD
FL SL3631262
STNL
Listed by STNL

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$165,000.00
$13,750.00/mo

Valuation Metrics

0
DSCR
4.89%
Cap Rate
4.89%
ROI

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Additional Information

Name
Mark Thompson
License
BK3217284
Brokerage Phone
689.666.9560
Name
Ryan Day
License
SL3631262
Brokerage
NNN Capital
Brokerage Phone
6896669546
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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