AutoZone

 

  • Single Tenant NNN Ground Lease with 11 Years Remaining
  • 10% Rent Increases – Every 5 Years
  • Dec 1, 2015 Rent Increases to $56,760 Taking it to a 5.78% CAP
  • Four 5-Year Options to Renew in Place
  • Corporate Guaranty from AutoZone (NYSE:AZO)
  • Optimal Demographics with 242,924 Residents with 5 Miles