Rare 20 Year Lease Term: AutoZone signed a new 20 year lease and took the building as-is, showing their long term commitment to the site and customer base.
Passive Investment: The tenant is responsible for all day-to-day maintenance, including taxes, CAM, and insurance (including reimbursing the landlord for any premiums), providing ease of management. There is also a new 20 year roof warranty -- fully transferable.
Mega Hub Store Location: The 33,125 SF building serves as the Mega Hub for the market, which carry approx. 5x the number of products as traditional stores generating higher sales and acts as a distribution center for the local area.
Convenient Site Access & Major Traffic Exposure: The site benefits from three points of egress/ingress from local roads totaling 76,650 VPD. Interchange access to I-475 (79,500 VPD) is one intersection South, providing easy access for retail customers and local distribution..
Dense Retail Corridor: AutoZone is centrally positioned in the retail corridor, which is anchored by Franklin Park Mall (1.3mm SF), Target, Kroger, and Home Depot.
Automotive Retail Leader: AutoZone (S&P: BBB) is leading retailer of automotive parts and supplies with over 6,100 locations in the US. For the FYE 2024, the company reported revenue of $18.49bn and net income of $2.6bn.