4019 E Highway 83 - Auto Repair FOR SALE
Rio Grande City, TX 78582 |
$3,140,000 USD
818-416-2800
4019 E Highway 83
Rio Grande City, TX 78582
HIGHLIGHTS
- After nearly 25 years of continuous operation at this site, AutoZone has reaffirmed its long-term commitment by executing a new 15-year lease.
- A truly passive investment in which AutoZone is fully responsible for all taxes, insurance, maintenance, & any expenses incurred over the lease term.
- The lease includes fixed rental increases throughout both the base term and all option periods, providing built-in rent growth.
- The lease is corporately guaranteed by AutoZone, Inc. (NYSE: AZO), a publicly traded corporation with an investment-grade S&P credit rating of BBB.
- AutoZone is the largest auto parts retailer in the U.S., operating over 7,500 locations across the United States, Mexico, and Brazil.
- Owning investment real estate in Texas offers certain investors the benefit of no state income tax on rental income.
OVERVIEW
Sands Investment Group is pleased to present exclusively for sale the 7,189 SF AutoZone located at 4019 East US-83 in Rio Grande City, TX. This property features a brand-new 15-year Absolute Triple Net (NNN) lease with zero landlord responsibilities - providing a truly passive, long-term investment secured by a nationally recognized, investment-grade tenant.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
FOR SALE DETAILS
PRICE
$3,140,000 USD
PRICE/SF
$437 USD /SF
CAP RATE
4.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone - Rio Grande City, TX
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Auto Repair
ADD'L SUBTYPES
Auto Dealership, Service Station, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
51
LAND DETAILS
LAND ACRES
1.83 AC
LAND SF
79,715 SF
ZONING
Commerical
APN/PARCEL ID
05210-00000-00100-000000
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818-416-2800
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818-416-2800
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