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.