Close of Escrow: AutoZone in Aberdeen, SD

Close of Escrow: AutoZone in Aberdeen, SD

SIG is pleased to announce the recent Close of Escrow on AutoZone located in Aberdeen, South Dakota.

Investment Highlights Include:

  • New Absolute NNN Ground Lease – Zero Landlord Responsibilities
  • Four (5) Year Renewal Options
  • 8% Rent Increases at Each Option
  • Brand New Construction and Tenant Improvements to be Delivered 11/2017
  • AutoZone is the Second Largest Retailer of Aftermarket Automotive Parts and Accessories in the United States and has Annual Revenue of $10.64 Billion
  • Over 5,600+ AutoZone Retail Outlets (not franchises) Across the U.S., Puerto Rico, Mexico and Brazil
  • Outparcel to Hobby Lobby
  • Signalized Intersection and Four Access Points
  • Excellent Visibility from 6th Ave. SE and S Roosevelt Street
  • Located Along Aberdeen’s Main Thoroughfare and Highly Traveled US Highway – US 12 (6th Ave) and Surrounded by Residential Neighborhoods. Numerous Retail Tenants, Hotels, and Schools
  • Northern State University is Two Miles from Location – 3,500+ Student Population
  • Traffic Counts – Over 20,000 Vehicles Per Day Along 6th Ave SE
  • Daytime Employee Population is 22,734 Within 4 Miles
  • Less Than 1 Mile from Aberdeen Mall. Tenants Include: Ashley HomeStore, AMC Classic Theater, Maurice’s, and Herbergers Department Store
  • Two Miles from Aberdeen Regional Airport
  • Select Nearby Tenants Include: Target, Dollar Tree, OfficeMax, Dairy Queen, Advance Auto Parts, Tractor Supply Co., Wendy’s and McDonald’s

Closing Price: $1,200,000
Closing CAP:  5.00%

Listing Agents: Chris Sands, Doug Roland and Amanda Reeves

For More Information Contact:

Doug Roland
Lic #70364

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