AutoZone - Frederick, MD 1106 W Patrick St 8,972 SF Retail Building Frederick, MD 21703 $3,747,000 ($417.63/SF) 4.75% Cap Rate
EXECUTIVE SUMMARY
• The lease features a 6% rental increase in 2029 and 8% increases at the beginning of each option period, steadily growing NOI and hedging against inflation
• Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
• No landlord responsibilities
• Ideal, management-free investment for a passive investor
• The property is located right off of US Highway 15, which averages over 103,500 vehicles passing by daily
• The site is located within walking distance to Hillcrest Center Shopping Center, a 90,000+ square foot center that features national tenants such as Aldi, Dollar Tree, Planet Fitness, and many more
• The property is in the center of a primary retail corridor with other nearby national/credit tenants including Home Depot, Harbor Freight, Petco, Starbucks, McDonald’s, 7-Eleven, Dunkin, and more, further increasing consumer traffic to the site
• More than 134,200 residents and 78,300 employees support the trade area
• $131,155 average household income
PROPERTY FACTS
AMENITIES
- Property Manager on Site
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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- Retailer
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Lorem Ipsum
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Jan 0000
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 | |
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Retailer | - | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-111527 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,959,167 |
