AutoZone, Stockton CA

  • Park West Place
  • Park West Place

Available $1,500,000 - Retail - Single Tenant
Cap Rate:  4%Size:  6,823 SFTerm:  14 Print

Investment Offering & Highlights

  • Bite size Northern California net lease investment opportunity with strong real estate fundamentals
  • New 15-year NNN ground lease with fixed rent increase every 5 years
  • AutoZone reported 2020 revenues of $12.63 billion and maintains a BBB investment grade credit rating by S&P
  • AutoZone stock is currently trading near its all-time high at almost $1,200 per share
  • AutoZone Q4 2019 same store sales increase 21.8% (Aftermarket News)

Property Description

Leased to AutoZone Parts, Inc.​ for over 14 years expiring June 30, 2035.​ The rent increases by 7.5% after Year 5 and 10% every 5 years thereafter.​ There are four 5-year options to extend the lease.​ The lease is triple net with the tenant responsible for taxes, insurance, repairs and maintenance, including roof and structure.​ AutoZone reimburses Landlord for CAM at a fixed rate of $12,500 in Year 1 with 2% annual increases.​

This property is being offered along with a multi-tenant PAD and three other neighboring NNN retail properties, Lowe’s, Panda Express, and Sonic.​ The properties can be acquired individually or as a portfolio.​ Please use the following links to access the neighboring properties:

Lowe’s – $15,120,000

Panda Express – $2,870,000

Sonic – $2,330,000

Multi-Tenant PAD – Best Offer

Please use the following link to access the full OM: https://www.crexi.com/properties/503753/california-autozone—stockton-ca

  • Offering Memorandum

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Property Location