2169 Ocean St - Auto Repair FOR SALE


Marshfield, MA 02050
$1,729,000 USD
214-561-6004
2169 Ocean St, Marshfield, MA for Sale
$1,729,000 USD
Auto Repair - FOR SALE
1/9
null | 4.25% Cap Rate

2169 Ocean St
Marshfield, MA 02050


HIGHLIGHTS

  • Corporate Guaranteed Ground Lease | New 15-Year Lease Term |Scheduled Rental Increases
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Marshfield Square | Affluent Coastal Boston MSA Retail Corridor
  • Strong Demographics In The Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, AutoZone investment property located in Marshfield, Massachusetts. The tenant, AutoZone, recently signed a new 15-year lease extension with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in 2029 and 7.5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by AutoZone corporate (NYSE: AZO), one of the world’s largest auto parts retailers with over 7,700 Locations across the U.S., Mexico, and Brazil.

FOR SALE DETAILS

PRICE

$1,729,000 USD

PRICE/SF

$279 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

AutoZone | New Corp 15yr Ground Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

B-2

APN/PARCEL ID

G08-04-03

ASK ABOUT THIS PROPERTY

Hayley MustinSRS National Net LeaseMore Info
214-561-6004

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Hayley MustinSRS National Net LeaseMore Info
214-561-6004

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.