AutoZone at Sterling Lakes | 3245 Meridiana Pky
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AutoZone at Sterling Lakes 3245 Meridiana Pky
8,459 SF 4-Star Retail Building Rosharon, TX 77583 $2,266,560 ($268/SF)
Investment Highlights
- Extremely limited retail supply in the submarket contrains market access
- High end suburban home construction provides tenants with favorable population demographics
- Newly built elementary school now open .65 mi from the site drives both foot and automobile traffic, 2 new highschools opened summer 2021 and 2022
- Located along Highway 288, a major thoroughfare connecting the city of Houston and many of its suburbs
Executive Summary
Hunington is excited to present the opportunity to purchase the fee simple interest in a brand-new AutoZone store situated in Iowa Colony, Texas. This property will be leased to AutoZone Parts, Inc., a global leader in specialty auto retailing, boasting over 7,140 locations worldwide and annual revenues of $17.45 billion. Under the terms of the agreement, AutoZone will operate under a triple net lease structure, providing stability with a primary lease term of fifteen years and the option for five additional 5-year renewal terms.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
8,459 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Construction Status
Under Construction
Price
$2,266,560
Price Per SF
$268
Tenancy
Single
Building Height
1 Story
Frontage
233 FT on County Road 56
Amenities
- Air Conditioning
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AutoZone at Sterling Lakes | 3245 Meridiana Pky
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