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Auto Parts

AutoZone Ground Lease

6155 S 35th Ave, Phoenix, AZ 85041

Listing Price: $1,375,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
6,900
Lease Type
NNN Ground Lease
Rent Per Square Feet
$7.97

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,140 stores in the US, Puerto Rico, Mexico, and Brazil.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11-thlargest metropolitan area.

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with 14 Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • 214,164 Residents within a Five-Mile Radius - Infill Phoenix
  • Visible to 51,387-Plus Cars Per Day at the Nearby Intersection of West Southern Avenue and South 35th Avenue
  • Directly Across from Walmart Supercenter

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Auto Parts

AutoZone Ground Lease

Listing Price: $1,375,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
6,900
Lease Type
NNN Ground Lease
Rent Per Square Feet
$7.97

Investment Highlights

  • Absolute Triple-Net (NNN) Corporate Ground Lease with 14 Years Remaining
  • 10 Percent Rental Increases Every Five Years
  • 214,164 Residents within a Five-Mile Radius - Infill Phoenix
  • Visible to 51,387-Plus Cars Per Day at the Nearby Intersection of West Southern Avenue and South 35th Avenue
  • Directly Across from Walmart Supercenter

Investment Overview

AutoZone is the nation’s leading retailer and a leading distributor of automotive replacement parts and accessories with more than 7,140 stores in the US, Puerto Rico, Mexico, and Brazil. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11-thlargest metropolitan area.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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