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AutoZone 1613 S Adams St

6,116 SF Retail Building Fulton, MS 38843 $444,444 ($73/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

  • Right off of US HWY 22 (29,000 VPD)
  • Well maintained building and parking lot
  • Autozone is original tenant since 1998

EXECUTIVE SUMMARY

Entering Final 5 Year Ground Lease Option Beginning 12/1/24
NOI of $30,000
Strategic location for high visibility and vehicle traffic (14,000 VPD)
Well-maintained property with excellent condition
Constructed in 1998

PROPERTY FACTS

Sale Type
Investment NNN
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,116 SF
Building Class
C
Year Built
1998
Price
$444,444
Price Per SF
$73
Cap Rate
6.75%
NOI
$30,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
0.60 AC

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • -
  • -
  • Triple Net
  • -

AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. 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. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer - - Triple Net -

NEARBY MAJOR RETAILERS

Huddle House
Waffle House
Food Giant
Anytime Fitness
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
143-1606-012.08
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$38,294
  • Listing ID: 33742892

  • Date on Market: 11/4/2024

  • Last Updated:

  • Address: 1613 S Adams St, Fulton, MS 38843

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