12015 US-301 - Freestanding FOR SALE
Parrish, FL 34219 |
$1,906,000 USD
813-434-8278
12015 US-301
Parrish, FL 34219
HIGHLIGHTS
- Corporate Guaranty (NYSE: AZO | S&P: BBB) | New 15-Year Lease |Options To Extend | Scheduled 10% Rental Increases
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Signalized, Hard Corner Intersection | Part of Larger Development |Surrounding Retailers | US-301 - Major FL Highway
- Demographics 5-Mile Trade Area | Population Growth |Six-Figure Incomes
OVERVIEW
• Brand new 15-year lease with four (4) additional five-year renewal options
• Lease includes 10% rental increases every five years, driving NOI growth and providing a built-in hedge against inflation
• Guaranteed by AutoZone, Inc. (NYSE: AZO), one of the nation’s largest auto parts retailers with more than 7,650 locations and investment-grade credit (S&P: BBB)
FOR SALE DETAILS
PRICE
$1,906,000 USD
PRICE/SF
$381 USD /SF
CAP RATE
4.25%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
AutoZone - Sarasota (Parrish) FL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
SPRINKLERS
-
PARKING SPACES
33
LAND DETAILS
LAND ACRES
0.87 AC
LAND SF
37,897 SF
ZONING
PD-C
APN/PARCEL ID
-
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813-434-8278
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813-434-8278
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