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32630327
32630328

1203 N MAIN ST, LAURINBURG, NC 28352-2715

BO
NC NC 315015
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$1,733,000
23 days on market
Updated 23 days ago

AutoZone | Laurinburg, NC

Details
APN 01003301008
Property Type Retail
Sub Type Storefront, Auto Shop
Net Rentable (SqFt) 10,227
Units 1
Cap Rate 4.5%
NOI $78,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+3)
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 06/30/2041
Remaining Term 15.1
Rent Bumps Yes
Lease Options 5 x 5-year options
Class A
Year Built 1960
Year Renovated 2026
Stories 1
Acreage 1.050
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2026
Ground Lease Yes

4.5% CAP | CORPORATE GROUND LEASE | LONG OPERATING HISTORY

Investment highlights

ATTRACTIVE LEASE TERMS

  • Absolute NNN ground lease structure offers zero landlord responsibilities and management
  • 15-year initial lease term with five (5) five-year renewal options, providing long-term cash flow and rent growth potential

TOP PERFORMING LOCATION AND LONG OPERATING HISTORY

  • Top 10% nationally in visits within the Car Shops & Services category
  • Top 30% in visitation among AutoZone locations in North Carolina, demonstrating strong site performance and customer demand
  • Tenant recently signed a brand new 15 year lease extending operations at this location for 35 years

CORPORATE GUARANTEE FROM NAME BRAND PUBLIC TENANT

  • AutoZone is the nation's leading automotive aftermarket parts retailer with over 7,000 locations across the U.S., Mexico, and Brazil
  • Publicly traded on the NYSE (Ticker: AZO) with a market capitalization exceeding $50B+
  • The company continues to benefit from resilient DIY and commercial repair demand in the non-discretionary auto parts sector

STRONG LOCAL ECONOMIC DRIVERS

  • So-Pak-Co selected Laurinburg for a new $85M food processing and packaging facility
  • Expected to create 440 jobs
  • Statewide economic impact projected to exceed $1.5B, supporting long-term population and employment growth in the trade area

POSITIONED IN DENSE RETAIL CORRIDOR

  • Over 1.7 million square feet of retail within a 1-mile radius
  • The subject benefits from proximity to national retailers and daily-needs traffic generators that drive consistent consumer activity
  • Nearby National retailers include, McDonalds, Popeyes, Dunkin, & Burger King

STRATEGIC INFILL LOCATION

  • The property is positioned within an established and densely developed retail corridor, serving a stable and loyal customer base
  • Infill dynamics enhance long-term tenant retention and real estate value

Listing Contacts

BO
NC NC 315015
Atlantic Capital Partners
DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$78,000.00
$6,500.00/mo

Valuation Metrics

0
DSCR
4.5%
Cap Rate
4.5%
ROI

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Additional Information

Name
Ben Olmstead
License
NC 315015
Brokerage
Atlantic Capital Partners
Brokerage Phone
7046515953
Title
Senior Associate
Brokerage Address
4350 Congress Street
Name
David Hoppe
License
NC 288268
Name
Mike Lucier
License
NC 231272
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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