autozone for sale

AutoZone | Winston-Salem, NC

Sands Investment Group is Pleased to Present Exclusively the 8,000 SF AutoZone For Sale Located at 3716 Reynolda Road in Winston-Salem, North Carolina. AutoZone Has Been a Tenant at This Property For Over 24 Years.  The Tenant Had a New Roof Installed in April With a 15 Year Warranty and They Also Recently Extended Their Lease Until 2028, During the Middle of the COVID Pandemic, Showing Commitment to the Site.  Winston-Salem is the 4th Largest Metropolitan Area in North Carolina With a Population of 680,876 People.  The City is Home To Wake Forest University Which Has Close to 9,000 Students.

  • Tenant Commitment – In June, the Tenant Reached Out to the Landlord Wishing to Extend the Lease Over 1 Year Before it Was Due to Expire
  • Rents Are Well Below Market – the Tenant Pays $5.25/SF (Market Rent is $12/SF) Making the Income Easily Replaceable Should the Tenant Leave When the Lease Expires
  • Strong Corporate Guarantee From AutoZone, Inc. (NYSE: AZO, BBB+)
  • The Tenant’s Roof Was Replaced In April and Comes With a 15 Year Warranty
  • Strong Operating History – AutoZone Has Been a Tenant Since 1996 and Has Extended Their Lease Six (6) Times
  • Internet Resistant Tenant – Customers Need Auto Parts on Short Notice and Benefit From the Professionals at AutoZone
  • About 96,200 Residents Live Within a 5-Mile Radius With an Average Household Income of $84,633
  • Winston-Salem Has Over 680,000 Residents in the Metropolitan Area, Making it the 4th Largest in the State of North Carolina
  • Nearby Tenants Include: Food Lion, Dollar General, Walgreens, Dunkin’, AMC, Taco Bell, Goodwill, CVS Pharmacy, Starbucks, McDonald’s and More

In Cooperation With Sands Investment Group North Carolina, LLC
Lic. # 29362 | BoR: Amar Goli – Lic. # 310575

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