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32919518
32919519

2329 Jefferson Davis Highway, Sanford, NC 27332

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
ES
MA MA 9577141
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$1,059,000
9 days on market
Updated 9 days ago

AutoZone | Tramway, NC

Details
Property Type Retail
Sub Type Auto Shop
Net Rentable (SqFt) 7,054
Cap Rate 4.25%
NOI $45,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts (+3)
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 10/31/2040
Remaining Term 14.4
Rent Bumps Yes
Lease Options 4 x 5-year options
Class A
Year Built 2026
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/01/2025
Ground Lease Yes

LOW PRICE POINT | LONG TERM CORP GROUND LEASE

Investment highlights

NEW 15-YEAR ABSOLUTE NNN GROUND LEASE

  • Brand-new 2026 construction secured by a 15-year absolute NNN ground lease with zero landlord responsibilities, providing investors with long-term passive income and minimal management.

INVESTMENT-GRADE CORPORATE TENANT

  • Leased to AutoZone, Inc. (NYSE: AZO), one of the nation's leading automotive parts retailers with more than 7,000 locations and investment-grade credit ratings (BBB S&P)

LOCATED IN THE RALEIGH-DURHAM MSA

  • Sanford is situated within the greater Raleigh-Durham MSA, ranked among the top metros in the U.S. for population growth, job creation, and economic expansion, driving sustained consumer demand throughout Lee County

DOMINANT MARKET POSITION WITH HIGH BARRIERS TO ENTRY

  • AutoZone commands the largest share of the U.S. automotive parts retail market, supported by a sophisticated supply chain, proprietary inventory systems, and deep brand loyalty

PAD-READY LOCATION ON JEFFERSON DAVIS HWY (US-1)

  • Positioned along Jefferson Davis Hwy (US-1), a primary commercial artery through Sanford with strong daily traffic counts and excellent visibility to passing motorists

RECESSION-RESISTANT RETAIL SEGMENT

  • Auto parts retailers historically perform well during economic downturns as consumers defer vehicle replacement and invest in maintenance and repair, creating consistent demand for automotive parts and services

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
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
$45,000.00
$3,750.00/mo

Valuation Metrics

0
DSCR
4.25%
Cap Rate
4.25%
ROI

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Additional Information

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