AutoZone | Pittsburgh, PA
Sands Investment Group is Pleased to Present Exclusively For Sale a 10,908 SF AutoZone Absolute NNN Lease Located at 23 Yost Blvd in Pittsburgh, Pennsylvania. This Investment Will Allow Investors to Get in at Way Below Market Rent With a Strong Investment Grade Tenant. Current Rent is $310,968 Until November 2023 Followed By $103,620 Until October 2028. This is a Great Opportunity For an Investor to Recoup Purchase Cost Over the First 2 Years of Ownership.
- Approximately 7 Years Remaining on an Absolute Triple Net (NNN) Lease With No Landlord Obligation
- Rite Aid Pays an Additional $17,279 Per Month Until November 2023 Through a Sublease to AutoZone
- Below Market Rent at Beginning of AutoZone Lease
- Corporate Guarantee From Strong Investment Grade Tenant AutoZone (NYSE: AZO); – AutoZone Has Been Deemed an Essential Business
- Built in 2003 With Construction Costs of $2,900,000
- Property Sits on a 0.99 Acre Signalized Corner Providing Great Exposure Along Yost Blvd
- Strong Demographics With a Population of 237,472 People Making an Average Income of $71,581 Within 5-Mile Radius
- Located Approximately 10-Miles East of the Center of Pittsburgh
- Nearby Tenants Include: Giant Eagle Supermarket, ALDI, KFC, Dollar General, Rite Aid, Domino’s Pizza, Taco Bell, Subway and Many More
In Cooperation With Sands Investment Group Philadelphia, LLC Lic. # RB069072
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