Listed by Marcus & Millichap - San Diego
$1,411,765
AUTOZONE (NYSE: AZO) | LONG TERM ABSOLUTE NET GROUND LEASE
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 6,876
Cap Rate 4.25%
NOI $60,000
Tenancy Single
Brand/Tenant AutoZone, Advanced Auto Parts
Lease Type Absolute NNN
Lease Expiration 12/31/2038
Remaining Term 12.6
Rent Bumps Yes
Class A
Year Built 2025
Acreage 1.000
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Thriving Long Island Retail Region | Brand New 2026 Construction
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310479/autozone-nyse-azo
Investment highlights
- Long term absolute net ground lease featuring an 8% rental increase in 2034 and each option. Brand new 2026 high quality construction.
- Positioned along area’s retail & traffic corridor: features easy access and excellent visibility along route 112, with daily traffic counts exceeding 19k+ vehicles.
- Autozone has a s&p investment grade credit rating of “bbb” and is ranked #236 on the fortune 500 list. The company has an annual revenue of more than $18.49 billion with over 7,000 stores nationwide.
- The city of coram is part of a thriving long island retail region, making this property a secure and appreciating asset in a competitive market.
- Along route 112 - benefits from a location that connects downtown patchogue to port jefferson, capturing traffic from commuters, shoppers, and local residents, ensuring long-term demand and strong tenant performance.
- Densely populated and affluent area: features an average household income of more than $130k and over 185k people residing within a 5-mile radius.
- Immediate access to/from ny-25 - a major east-west highway intersecting route 112, amplifying traffic flow and commercial synergy. Its proximity enhances accessibility, customer volume, and connectivity to major hubs across long island.
- With limited comparable supply in the area, this offering presents a rare opportunity to own a stabilized, high-visibility retail property in a mature, high-demand long island submarket.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$60,000.00
$5,000.00/mo
Valuation Metrics
0
DSCR
4.25%
Cap Rate
4.25%
ROI
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