420 9th St - Freestanding FOR SALE


Marysville, CA 95901
$2,988,000 USD
530-674-2370
420 9th St, Marysville, CA for Sale
$2,988,000 USD
Freestanding - FOR SALE
1/11
null | 5.5% Cap Rate

420 9th St
Marysville, CA 95901


HIGHLIGHTS

  • RECENT AUTOZONE EXPANSION & LONG-TERM COMMITMENT
  • SELLER-FUNDED RENT STEP-UP
  • 5.50% forward cap
  • 15-YEAR LEASE + 10% RENT INCREASES + 20 YEARS OF OPTIONS
  • AUTOZONE CORPORATE TENANCY
  • LARGE 24,600 SF PREMISES - CORNER LOT

OVERVIEW

This AutoZone-occupied property presents a rare opportunity to acquire a long-term, passive income investment secured by a Fortune 500 credit tenant.? With annual rent growth built into the lease, zero landlord responsibilities, and strategic positioning along a major regional traffic artery, the asset offers both stability and long-term upside for investors.? AutoZone recently expanded its store to approximately 6,486 square feet and entered into a new 15-year lease, demonstrating a significant long-term commitment to the Marysville location.? The lease features 10% rental increases every five years throughout the initial term and four additional five-year extension options.? SELLER-FUNDED RENT STEP-UP Current contractual rent is $12,450 per month ($149,400 annually), increasing 10% to $13,695 per month ($164,340 annually) in Year 6.? Seller will credit Buyer at closing for the difference between the current rent and the scheduled Year 6 rent through the applicable rent-increase date, providing the Buyer the economic equivalent of $164,340 in annual rental income from closing.? Investment Highlights National Credit Tenant: AutoZone, Inc.? is the nation’s largest automotive parts retailer, publicly traded on the NYSE (AZO), with over 7,100 locations in the U.?S.?, Mexico, and Brazil.? Long-Term Security: 11.5 years remain on the primary lease term, plus four (4) five-year extension options.?

FOR SALE DETAILS

PRICE

$2,988,000 USD

PRICE/SF

$461 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AUTOZONE - SELLER-FUNDED FORWARD RENT

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

C-2

APN/PARCEL ID

010-047-011-000

ASK ABOUT THIS PROPERTY

John OchipintiAztec Real Estate DevelopersMore Info
530-674-2370

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John OchipintiAztec Real Estate DevelopersMore Info
530-674-2370

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