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AutoZone | Clarksville, TN

AutoZone | Clarksville, TN
Investment Offering

Tenant: AutoZone | Clarksville, TN
Premises: 7,600 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 5/30/2025
Lease Type: Absolute NNN Ground Lease
Rental Increases: 10% Increase in 2020

 

  • Ground Lease Investment Opportunity with Zero Landlord Responsibilities
  • Corporately Guaranteed Lease by AutoZone, Inc (S&P Rating –BBB)
  • 10% Rental Increase Scheduled for 2020 and At Options
  • Income Tax Free State – Tennessee is One of the Few States with No State Income Tax
  • Clarksville is the 5th Largest City in Tennessee with Over 150,000 Residents
  • Strategically Located on Highway 41 with 22,721 Vehicles Per Day
  • Clarksville is Home to the Fort Campbell Military Base – The 3rd Largest Military Population in the Army (120,000 Troops)
  • Home to Austin Peay State University with Over 10,300 Students Enrolled
  • New $800 Million Hankook Tire Factory, $600 Million Google Data Center, and $250 Million LG Home Appliance Factory are Set to Bring More Than 2,000 Jobs to Clarksville, TN

In Cooperation with Sands Investment Group Tennessee, LLC – BoR: Kaveh Ebrahimi – Lic # 344496

Tenant Overview
For more than 30 years, AutoZone has been committed to providing the best parts, prices and customer service in the automotive aftermarket industry. We have a rich culture and history of going the Extra Mile for our customers and our community. AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,000 stores in US, Puerto Rico, Mexico, and Brazil. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. Since opening its first store in Forrest City, Arkansas on July 4, 1979, the company has joined the New York Stock Exchange (NYSE: AZO) and earned a spot in the Fortune 500. AutoZone also sell automotive diagnostic and repair software through ALLDATA, diagnostic and repair information through alldatadiy.com, and auto and light truck parts and accessories through AutoZone.com.
Area Overview

AutoZone | Clarksville, TN

1959 Madison St - Clarksville, TN 37043

$660,000

Cap Rate: 5.50%
Status: Contract

AutoZone | Clarksville, TN

John Kerr

424.228.1718
jkerr@SIGnnn.com

John Cigliano

310.853.1353
john@SIGnnn.com

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$4 BILLION IN SALES

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Our Intentions

We believe in giving back. There’s a big world outside of the real estate bubble and we know that with success comes responsibility.

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