AutoZone | Carolinas
137 East Columbia Ave, Batesburg-Leesville, SC 29070
Marketing description
Trinity Partners is proud to serve as exclusive advisor to ownership and offer the marketplace this net lease auto retail investment opportunity in Batesburg-Leesville, South Carolina. AutoZone (NYSE: AZO) is the nation's leading retailer and distributor of automotive replacement parts and accessories, operating more than 7,850 stores across the United States, Puerto Rico, Mexico, and Brazil. The company is a Fortune 500 and S&P 500 constituent and is widely recognized as the dominant market leader in the automotive aftermarket industry.
The Property includes a nicely landscaped 0.74-acre parcel and a well maintained 6,786 square foot building with 42 parking spaces developed in 2006. It's well located along E Columbia Ave (10,100 VPD), one of the primary commercial corridors serving the Batesburg-Leesville market and surrounding Lexington and Saluda County trade areas. The site benefits from excellent visibility and accessibility with regional connectivity via I-20 to Columbia (state capital) and Augusta, GA enhancing broader trade area demand.
The corporate lease is guaranteed by AutoZone Inc with an initial 20-year base term that has been extended via a 5-year renewal option, with 5 additional renewal options remaining thereafter. The lease features 10% rental increases each option period providing built-in income growth.
As a nationally recognized investment-grade credit tenant (S&P: BBB / Moody's: Baa2), AutoZone provides durable, passive income backed by a long operating history, essential retail demand drivers, and a dominant position within the automotive aftermarket sector. The Property represents a long-term retail investment opportunity secured by a nationally scaled tenant with a proven expansion footprint.
Investment highlights
Well established location with a 20-year operating history and further long-term commitment with a recent 5-year extension and 10% rent bump
Corporate lease (NYSE: AZO) backed by the nation's leading automotive aftermarket retailer operating over 7,850 locations globally
Investment grade credit – S&P/Fitch: BBB, Moody's: Baa2 – with a stable outlook reflecting strong financial stability and market leadership in auto parts retail
Net lease that commenced in 2006 with multiple renewal options and 10% rent bumps each option providing built-in NOI growth and an inflation hedge
Positioned on E Columbia Avenue/US 1, the market's primary commercial corridor (10,000+ VPD) offering great visibility, accessibility, and established retail synergy
Neighboring businesses include Zaxby's, Bojangles, KFC, SouthState Bank, McDonald's, Walgreens, and CVS and less than one mile from Walmart
Batesburg-Leesville benefits from strategic regional connectivity between Columbia SC (34 miles) and Augusta GA (48 miles), supporting consistent commuter traffic and consumer demand
Located 5 minutes from the 175-acre Batesburg-Leesville Industrial Park, which has received over $3.5M in public infrastructure investment, fostering economic growth and job creation in the area
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