AutoZone | 19046 Main St W
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AutoZone 19046 Main St W
8,160 SF Retail Building Huntingdon, TN 38344 $995,000 ($122/SF) 6.15% Cap Rate
Investment Highlights
- New 10-year NNN lease with six, 5-year options to extend
- Other than roof and structure, all obligations at the site are the responsibility of the tenant, making this a “management free” investment
- In AutoZone’s “backyard” which is headquartered in Tennessee
- A new roof was recently installed in addition to other site level improvements
- Located directly adjacent to the Walmart Supercenter, the site is located in the main retail corridor of Huntingdon, TN
- With a rent of $61,200 on a new 10-year lease, the asset is well positioned for long-term ownership
Executive Summary
A new low-rent, 10-year lease AutoZone with six, 5-year options to extend the lease term. Subject property features ideal frontage on Veterans Drive and Main St. Surrounding retailers include Walmart Supercenter, Taco Bell, Murphy USA, McDonald’s, Hucks, Dollar Tree, Verizon and others.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,160 SF
Building Class
B
Year Built/Renovated
2002/2024
Price
$995,000
Price Per SF
$122
Cap Rate
6.15%
NOI
$61,200
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.85 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 073-040.00 | Improvements Assessment | $87,200 |
Land Assessment | $12,800 | Total Assessment | $100,000 |
PROPERTY TAXES
Parcel Number
073-040.00
Land Assessment
$12,800
Improvements Assessment
$87,200
Total Assessment
$100,000
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AutoZone | 19046 Main St W
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