Listed by Atlantic Capital Partners
$1,733,000
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
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
Listed by Atlantic Capital Partners
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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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