AutoZone
100% leased single tenant NNN fee simple (land & building) providing a new investor with a very secure asset (zero landlord responsibilities)
Location was built in 2010, and has shown tremendous growt
AutoZone does not report sales figures, however the company has indicated that this location is one of the top performing stores compared to surrounding stores and those in the Sacramento MS
Lease calls for Four 5 Year extension options following the initial lease term with 10% increase at each option period
AutoZone is a national credit tenant, publically traded on the NYSE: AZO. AutoZone Inc. posted a 2013 net income of over $1 Billion and maintains a BBB credit rating by Standard and Poor (the highest among its competition)