New AutoZone 15-Yr. Ground Lease | 5313 Jefferson Rd
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New AutoZone 15-Yr. Ground Lease 5313 Jefferson Rd
7,381 SF Retail Building Athens, GA 30607 $1,667,000 ($226/SF) 4.50% Cap Rate
Investment Highlights
- New 15-Year Absolute NNN Ground Lease with 10% Increases in Year 11 & Renewal Options
- 121,871 Residents in Trade Area with $90,840 Average Household Income
- Excellent Access and Visibility to 27,000 Cars Per Day
Executive Summary
• New 15-Year Absolute NNN Ground Lease – zero landlord responsibilities
• Brand New 2024 Upgraded Construction – latest prototype and design
• Corporate Guaranty from AutoZone, Inc. – publicly traded company, NYSE: AZO
• Investment Grade Credit Rated Tenant – ‘BBB’ by Standard & Poor’s
• AutoZone Generated $17.56 Billion Revenue in 2023 – over 7,300 locations in U.S., Mexico and Brazil with 95,000+ employees
• Brand New 2024 Upgraded Construction – latest prototype and design
• Corporate Guaranty from AutoZone, Inc. – publicly traded company, NYSE: AZO
• Investment Grade Credit Rated Tenant – ‘BBB’ by Standard & Poor’s
• AutoZone Generated $17.56 Billion Revenue in 2023 – over 7,300 locations in U.S., Mexico and Brazil with 95,000+ employees
Property Facts
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
7,381 SF
Building Class
C
Year Built
2024
Construction Status
Under Construction
Price
$1,667,000
Price Per SF
$226
Cap Rate
4.50%
NOI
$75,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.03 AC
Zoning
C-G - County-General
Parking
25 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
60 FT on Jefferson Road
PROPERTY TAXES
| Parcel Number | 062-025 | Improvements Assessment | $2,226,438 |
| Land Assessment | $1,211,340 | Total Assessment | $3,437,778 |
PROPERTY TAXES
Parcel Number
062-025
Land Assessment
$1,211,340
Improvements Assessment
$2,226,438
Total Assessment
$3,437,778
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New AutoZone 15-Yr. Ground Lease | 5313 Jefferson Rd
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