1124 Benjamin Franklin Hwy E
Douglassville, PA 19518
AutoZone | High Traffic Location · Retail Property For Sale

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the ground leased interest in this newly constructed AutoZone in Douglassville, Pennsylvania. The Tenant, AutoZone, Inc., is subject to a new 15-year absolute NNN corporate ground lease with zero landlord responsibilities. The lease features ten percent (10%) rental increases in each three, five-year option period. The lease is guaranteed by the corporate entity which carries an investment grade “BBB” rating by Standard & Poor’s, and is publicly traded.AutoZone operates more than 5,400 stores located throughout the United States, Mexico, the District of Columbia, Puerto Rico and Brazil. The Tenant is well-located along Benjamin Franklin Highway (US Route 422), an east-west state highway that averages 19,000 vehicles in each direction for a combined 37,986 vehicles daily. The Property is positioned in the center of traffic as Route 422 is a split highway through the town of Douglassville. The Property is part of a new development that also features newly constructed pad sites for a prospective QSR tenant and Dunkin’ Donuts. The site benefits from points of ingress/egress from both directions of Route 422, and access to the other tenants through cross-easements and shared parking fields. This will create and encourage natural retail synergies among the tenants. The Property is positioned across the west-bound lanes of Route 422 from Premier Urgent Care, a high performing CVS and a Redner’s Warehouse Markets-anchored center. AutoZone is also in close proximity to notable retailers Wawa, Rite Aid, McDonald’s, Santander, and KeyBank. AutoZone benefits from very limited competition in the market. The nearest national brand auto parts stores are located more than seven miles east in Pottstown where Pep Boys (7-mi), Advance Auto Parts (9-mi) and NAPA Auto Parts (8.9-mi) all have locations. Douglassville is a growing Berks County submarket located 13 miles east of Reading and 45 miles west of Philadelphia. The town is situated along US Route 422 which begins in Hershey running eastbound towards Philadelphia allowing for ease of commute to employment areas in the Philadelphia metro. Douglassville, as well as Amity Township, is seeing significant growth in population and development. Presently, there are 16,280 people within three miles of the subject property. That number has grown 22 percent since 2000 and is expected to increase by an additional seven percent in the next five years.