16072 N Westwood Dr is a ground lease site occupied by AutoZone, offered at $1,080,000 at a 5.00% cap rate. The 0.83-acre (36,155 SF) parcel is located in Rathdrum, Idaho, a fast-growing community in Kootenai County, minutes from Coeur d'Alene and the Idaho–Washington border.
The lease is corporately guaranteed by AutoZone Parts, Inc., which holds investment-grade credit ratings of BBB (S&P) and Baa1 (Moody's). Structured as a true Absolute NNN ground lease, the investment requires zero landlord management and is ideal for out-ofstate or passive ownership.
Rathdrum has grown 19.7% since 2020 within a 3-mile radius, adding residents at 3.9% per year. A 157-acre mixed-use development is underway nearby. The AutoZone sits adjacent to the #1 performing Super 1 Foods in the country, one of the strongest co-tenancy positions in the market.