Close of Escrow: AutoZone in Nogales, AZ

SIG is pleased to announce the recent Close of Escrow on AutoZone located in Nogales, Arizona.

Investment Highlights Include:

  • Absolute NNN Ground Lease with No Landlord Responsibility
  • 10% Increase at Each Option
  • Tenant Recently Executed an Early Lease Extension Showing Their Dedication and Belief in the Location
  • Highly Sought After Real Estate on a Dense Retail Corridor
  • Outparcel to the Mariposa Mall
  • Property is Strategically Well Positioned as Retail Development and Growth is Surging at US-Mexico Border Towns as Mexico Residents Account for a Significant Portion of Overall Retail Sales
  • AutoZone’s Credit is Currently S&P Rated BBB and is Continuing to Improve as AutoZone Continues to Expand Globally and has Improved their Credit Through the Repurchase Over 80% of their Outstanding Shares in the Last 18 Years while Maintaining Consistent Growth in Store Count, Sales, Same Store Sales and Net Income

In Cooperation with RDO Investments, LLC Lic # LC637047000

Closing Price: $1,331,000
Closing CAP:  5.77%

Listing Agents: Chris Naylon and Kaveh Ebrahimi

For More Information Contact:

Chris Naylon
Lic #01839132
310.438.5525
cnaylon@SIGnnn.com