1102 E CHURCH ST, CHERRYVILLE, NC 28021-2102

North Carolina Broker of Record: DARREN WOOD License No. 9359

Faris Lee Investments is pleased to present the unique opportunity to acquire a Single Tenant Net Lease property occupied by AutoZone, the dominant force in the automotive aftermarket industry. This asset represents an exceptional passive investment, secured by a corporate lease with an investment-grade tenant in the high-growth Charlotte, NC MSA. The property offers fee-simple building ownership at 1102 E Church Street, providing excellent tax benefits through cost segregation and accelerated depreciation.

The investment is backed by an exceptionally strong corporate guarantee. AutoZone (NYSE:AZO) is the largest auto parts retailer in the U.S. and carries a ‘BBB Stable’ investment-grade credit rating from S&P. Operating since 1979, the company demonstrates massive financial strength with a $58 Billion market capitalization (as of May 2026), fiscal year 2025 revenues exceeding $18.9 Billion, and a footprint of over 7,100 stores across the U.S., Mexico, and Brazil. A key feature of this asset is the ease of management provided by the corporate lease structure. The tenant handles property taxes, insurance, utilities, landscaping, HVAC, and dayto-day maintenance. Landlord responsibilities are limited strictly to the roof, structure, and major parking lot replacement, requiring no management overhead. This hands-off structure creates a secure vehicle perfect for a passive investor or 1031 exchange buyer looking for immediate corporate cash flow.