Listed by Atlantic Capital Partners
$1,035,400
AutoZone | Jackson, MS
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Net Rentable (SqFt) 14,180
Cap Rate 6%
NOI $62,124
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type Absolute NNN
Lease Term 47
Lease Expiration 12/31/2037
Remaining Term 11.6
Rent Bumps Yes
Lease Options 6 x 5-year options
Year Built 1991
Acreage 0.990
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/25/1991
Ground Lease Yes
6% CAP | CORP GROUND LEASE | TOP 2% NATIONALLY
Investment highlights
TOP 2% NATIONALLY | #1 AUTOZONE IN MISSISSIPPI (PLACER.AI)
- This location ranks in the top 2% of all AutoZone stores nationwide and #1 in the state of Mississippi by foot traffic, highlighting exceptional performance and strategic importance within the tenant's portfolio
LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- AutoZone has continuously operated at this location since 1991, demonstrating deep market penetration and long-term commitment to the site
ABSOLUTE NNN GROUND LEASE
- The asset is structured as an absolute NNN ground lease, offering a passive investment to LL
INVESTMENT-GRADE CORPORATE TENANT (S&P: BBB)
- Leased to AutoZone, Inc. (NYSE: AZO), the nation's leading automotive parts retailer with 7,000+ locations and strong corporate credit backing
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- The in-place rent represents a low occupancy cost relative to replacement levels, supporting store-level profitability and reducing future rollover risk
RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- Auto parts retailers benefit from consistent demand across economic cycles, as consumers prioritize vehicle maintenance and repair over replacement
Listing Contacts
Listed by Atlantic Capital Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$62,124.00
$5,177.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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