Northern California AutoZone

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Available $2,556,000 - Retail - Single Tenant
Cap Rate:  5%Size:  0.62 AcresTerm:  12 Print

 Investment Offering & Highlights

  • New 10 year lease extension (twelve years remaining) demonstrating AutoZone’s commitment to the location
  • AutoZone is an investment grade tenant with an S&P rating of “BBB”
  • Pad to Walmart Supercenter/Safeway Center
  • Scheduled rent increases every 5 years during the primary term
  • Established location since 1996
  • Tenants in the immediate area include Walmart, Lowe’s, Safeway, Starbucks, McDonald’s, Wells Fargo, Big O Tires, Rite Aid, Save Mart, Ross, Staples, PetSmart, The UPS Store, Regal Cinemas and Carl’s Jr
  • Two five-year options with 10% rental increases at the start of each option
  • Located in the main retail corridor in Sonora
  • AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories

Property Description

Cushman & Wakefield Net Lease Group is pleased to offer an approximate 6,000 square foot retail building with ample onsite parking. The building is currently leased to AutoZone West, LLC, with a guaranty by AutoZone, Inc with over 12 years remaining. The current annual rent is $127,800 with 3% increases occurring every 5 years. The lease is net, with the tenant responsible for taxes, insurance, and common area maintenance. The landlord is responsible for repairs and maintenance of the roof and structure. There are two, five-year options to extend the lease with 10% increases at the start of each option.

Please use the following link to access the full offering memorandum: https://www.crexi.com/properties/194757

Property Location