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.?