LOUISIANA BROKER OF RECORD ….SRSA Commercial Real Estate / Steve Reisig / License No. 14916A Faris Lee Investments is pleased to present the unique opportunity to acquire a single-tenant, triple-net (NNN) leased property occupied by AutoZone, a dominant force in the automotive aftermarket industry. This asset represents a premier passive investment, secured by a long-term lease with a high-credit national tenant located in a core market of the New Orleans MSA. This specific location is in Metairie, Louisiana, which is a strategically positioned suburb just six miles northwest of downtown New Orleans. Metairie is a robust market, ranking as the fourth most populous community in Louisiana and boasting a high-density population of over 133,000 residents within a three-mile radius. This area is a significant regional economic hub and is notably home to the corporate headquarters and training facilities for both the New Orleans Saints (NFL) and the New Orleans Pelicans (NBA). The investment is backed by an exeptionally strong corporate guarantee. AutoZone (NYSE: ATO) is the largest auto parts retailer in the U.S. and carries an investment-grade credit rating of ‘BBB’ from S&P. AutoZone demonstrates exceptional financial strength with a massive market capitalization of approximately $67.42 billion and fiscal year 2024 revenues exceeding $18.5 billion. An ideal feature is the triple-net (NNN) lease structure, which transfers sole responsibility for property taxes, insurance, and CAM directly to the tenant. Landlord is responsible for roof and structure, as well as parking lot repairs only for the first three years. This complete delegation of responsibilities provides a management-free asset perfect for a passive investor, a 1031 exchange, or anyone seeking a secure addition to their portfolio. Long-term stability and income growth are built directly into the lease. AutoZone recently executed a new 10-year primary lease term with 4 (5-year) options, creating a potential total lease term of up to thirty years. Furthermore, the lease includes a growing income stream with 8% rental increases every five years. These scheduled escalations ensure consistently increasing cash flow for the investor, creating long-term value appreciation and serving as a robust hedge against inflation.