808 E Main St - Freestanding FOR SALE


Gas City, IN 46933
$827,273 USD
586-804-8449
808 E Main St, Gas City, IN for Sale
$827,273 USD
Freestanding - FOR SALE
1/4
null | 5.5% Cap Rate

808 E Main St
Gas City, IN 46933


HIGHLIGHTS

  • AutoZone has successfully operated at this location for more than 20 years.
  • Lease term extends through July 31, 2039 with renewal options available.
  • Contractual 10% rent increases begin in 2029 and continue in option periods.
  • Frontage along East Main Street provides strong visibility and customer access.
  • Located within Gas City's established commercial corridor and trade area.
  • Occupied by AutoZone Development LLC, affiliated with AutoZone, Inc.

OVERVIEW

AutoZone at 808 East Main Street presents the opportunity to acquire a single-tenant net lease retail asset occupied by AutoZone Development LLC, an affiliate of AutoZone, Inc. The property is positioned along East Main Street, a primary commercial corridor serving Gas City and the surrounding trade area. The location benefits from direct frontage, convenient customer access, and connectivity to nearby regional transportation routes that support daily consumer traffic and long-term retail demand. The tenant has operated at this location for more than two decades and has demonstrated a long-term commitment to the site through an early lease extension. The current lease extends through July 31, 2039, providing approximately 13 years of remaining term, with three additional five-year renewal options. Contractual rent increases of 10% are scheduled in 2029 and throughout each option period, creating built-in income growth over the investment horizon. Gas City serves a stable residential and commercial market environment supported by local businesses, community services, and established neighborhoods. The property's position within an active retail corridor enhances visibility and accessibility while benefiting from the area's consistent consumer base. The surrounding trade area includes more than 26,000 residents within five miles, supporting ongoing demand for automotive parts and vehicle maintenance services. AutoZone is one of North America's largest automotive replacement parts retailers, operating thousands of locations across the United States and internationally. Its established brand recognition, extensive operating history, and essential-service business model contribute to the property's long-term tenancy profile. Combined with a net lease structure and scheduled rent growth, the asset offers investors a stabilized retail investment with durable income characteristics.

FOR SALE DETAILS

PRICE

$827,273 USD

PRICE/SF

$110 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,603 SF

ZONING

M1

APN/PARCEL ID

27-07-34-401-003.000-018

ASK ABOUT THIS PROPERTY

Robert MichilElevate Net Lease, LLCMore Info
586-804-8449

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Robert MichilElevate Net Lease, LLCMore Info
586-804-8449

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