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