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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