AutoZone
Absolute NNN AutoZone for Sale - 11+ Years Remaining on the Lease w/Rental Increase in 2032
Marketing description
**AUTOZONE** This AutoZone property at **5222 Garth Road, Baytown (Houston MSA), TX 77521** is a lucrative investment opportunity with an average CAP rate of 5.22%.
The absolute NNN lease guarantees zero landlord responsibilities, making it a hassle-free asset. Featuring a long-term tenant occupancy of nearly 20 years and a strong S&P BBB credit rating, this location promises stability. AutoZone is committed to an early lease extension for an additional decade starting in 2021, with a 10% rental increase scheduled for 2032.
The property benefits from its proximity to high-traffic Garth Road, seeing over 32,000 vehicles daily and surrounded by major national retailers. With AutoZone's corporate guaranty and no subsidy guarantor, along with lucrative lease terms and strong tenancy, this property presents a secure investment opportunity in a prime location within the Houston Metropolitan Statistical Area.
Investment highlights
Absolute NNN Lease Structure - Zero Landlord Responsibilities
AutoZone Committed to an Early Renewal to Extend the lease for an Additional 10 Years in 2021
10% Rental Increase Upcoming in 2032 in the Firm Term as well as the Options
Long Term Tenant Occupancy | AutoZone has Occupied the Subject Property for Almost 20 Years
S&P BBB Credit Rating | Investment Grade Rating
AutoZone, Inc. Corporate Guaranty - No Subsidy Guarantor
10% Increases in the Option Periods | (4) 5 Year Renewals
Subject Property is 7,360 SF and Sits on 1.39 Acres of Land
Houston MSA | In close Proximity to Downtown Houston - 28 Miles East
Directly adjacent to the property is the Grand Bay Apartments, a high-end multifamily community completed in 2023 featuring 238 units across three stories.
AutoZone is the Nation's Leading Retailer and a Leading Distributor of Automotive Replacement Parts
Located on High Traffic Volume, Garth Road in Baytown Which See's 32,000 + Vehicles Per Day - Multiple Points of Ingress and Egress on Garth Road and S Road
Subject Property is Located 1 Mile From the Houston Methodist Baytown Hospital
Surrounded by National Retailers Such as: The Home Depot, Lowes, Walmart, Target, Hobby Lobby, Dollar Tree, Chic-fil-A, Walgreens, Goodwill, National Tire & Battery, CVS & Many More.
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