3770 Goodman Rd W - Freestanding FOR SALE
Horn Lake, MS 38637 |
$1,776,835 USD
214-692-2847
3770 Goodman Rd W
Horn Lake, MS 38637
HIGHLIGHTS
- Early Renewal Execution – AutoZone just exercised its first renewal option despite having 9 years still remaining on the base term
- Close to AutoZone HQ – The subject AutoZone is located within a 25-minute drive of AutoZone’s global headquarters in downtown Memphis
- Strong Rent Growth – The renewed lease now includes two 10% rent increases in 2029 and 2034, providing predictable income growth
- Memphis MSA – Although located just across the Mississippi–Tennessee border, Horn Lake is fully integrated into the Memphis MSA
- Walmart and Kroger Anchored – The trade area is anchored by a Kroger center directly adjacent to the property and a Walmart Supercenter
- Robust Trade Area – The Horn Lake Rd & Goodman Rd intersection (38,000 VPD) is a proven retail node anchored by Walmart, Kroger, and ALDI
FOR SALE DETAILS
PRICE
$1,776,835 USD
PRICE/SF
$223 USD /SF
CAP RATE
5.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
47
LAND DETAILS
LAND ACRES
0.94 AC
LAND SF
40,946 SF
ZONING
PUD/C4
APN/PARCEL ID
1088283000001200
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214-692-2847
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214-692-2847
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