Listed by ParaSell Inc, Hanley Investment Group
$1,720,000
AutoZone | Mesquite, TX
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 7,381
Net Rentable (SqFt) 7,381
Cap Rate 4.65%
NOI $80,000
Occupancy 100%
Tenancy Single
Brand/Tenant AutoZone
Lease Type Absolute NNN
Lease Expiration 01/31/2041
Rent Bumps Yes
Lease Options Four 5-Year @ 10% Increases
Year Built 2026
Acreage 1.000
Lease Commencement 06/27/2026
Ground Lease Yes
15-Year Absolute NNN Corporate Ground Lease | Investment Grade Tenant (NYSE: AZO; S&P: BBB) | Income
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000009HJXJ&track=mRcjdy-nehPZqvWWriRpvXhxu
Investment highlights
- Single-Tenant AutoZone Corporate Ground Lease:
- New 15-year absolute NNN ground lease
- 10% increases every 5 years in the initial term and in each of the four 5-year options
- Brand-new construction; opened July 2026
- Investment-grade national tenant (NYSE: AZO; S&P: BBB) and has been a Fortune 500 company for the past 25+ years
- AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas
- AutoZone’s annual revenue for 2025 was $18.9 billion, up from $18.5 billion in 2024
- As of November 22, 2025, AutoZone had 6,666 stores in the U.S., 895 in Mexico and 149 in Brazil for a total store count of 7,710
- Texas is an Income Tax-Free State
- Hard-Corner Signalized Intersection Location (24,000 CPD)
- Dallas-Fort Worth MSA: The property is just 15 minutes from Dallas and 45 minutes from Fort Worth
- The Dallas-Fort Worth region ranks among the top 3 US metro areas for business expansions, relocations, and employment growth
- Largest metropolitan area in Texas, and fourth largest in the United States, with over 8.3 million residents
- Dozens of major corporate relocations and expansions have spurred unprecedented job growth for the area, adding nearly 100,000 new jobs on average each year
- #4 largest concentration of Fortune 500 companies
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$80,000.00
$6,666.67/mo
Valuation Metrics
0
DSCR
4.65%
Cap Rate
4.65%
ROI
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