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NNN Freestanding AutoZone | Laurinburg, NC 1203 S Main St 10,227 SF Retail Building Laurinburg, NC 28352 $1,733,000 ($169.45/SF) 4.50% Cap Rate
Investment Highlights
- STRATEGIC INFILL LOCATION
- STRONG LOCAL ECONOMIC DRIVERS
- POSITIONED IN DENSE RETAIL CORRIDOR
Executive Summary
ATTRACTIVE LEASE TERMS
- ?Absolute NNN ground lease structure offers zero landlord responsibilities and management
? - 15-year initial lease term with five (5) five-year renewal options, providing long-term cash flow and rent growth potential
TOP PERFORMING LOCATION AND LONG OPERATING HISTORY
- ?Top 10% nationally in visits within the Car Shops & Services category
? - Top 30% in visitation among AutoZone locations in North Carolina, demonstrating strong site performance and customer demand
? - Tenant recently signed a brand new 15 year lease extending operations at this location for 35 years
CORPORATE GUARANTEE FROM NAME BRAND PUBLIC TENANT
- ?AutoZone is the nation's leading automotive aftermarket parts retailer with over 7,000 locations across the U.S., Mexico, and Brazil
? - Publicly traded on the NYSE (Ticker: AZO) with a market capitalization exceeding $50B+
? - The company continues to benefit from resilient DIY and commercial repair demand in the non-discretionary auto parts sector
STRONG LOCAL ECONOMIC DRIVERS
- ?So-Pak-Co selected Laurinburg for a new $85M food processing and packaging facility
? - Expected to create 440 jobs
? - Statewide economic impact projected to exceed $1.5B, supporting long-term population and employment growth in the trade area
POSITIONED IN DENSE RETAIL CORRIDOR
- ?Over 1.7 million square feet of retail within a 1-mile radius
? - The subject benefits from proximity to national retailers and daily-needs traffic generators that drive consistent consumer activity
? - Nearby National retailers include, McDonalds, Popeyes, Dunkin, & Burger King
STRATEGIC INFILL LOCATION
- ?The property is positioned within an established and densely developed retail corridor, serving a stable and loyal customer base
? - Infill dynamics enhance long-term tenant retention and real estate value
- ?Absolute NNN ground lease structure offers zero landlord responsibilities and management
? - 15-year initial lease term with five (5) five-year renewal options, providing long-term cash flow and rent growth potential
TOP PERFORMING LOCATION AND LONG OPERATING HISTORY
- ?Top 10% nationally in visits within the Car Shops & Services category
? - Top 30% in visitation among AutoZone locations in North Carolina, demonstrating strong site performance and customer demand
? - Tenant recently signed a brand new 15 year lease extending operations at this location for 35 years
CORPORATE GUARANTEE FROM NAME BRAND PUBLIC TENANT
- ?AutoZone is the nation's leading automotive aftermarket parts retailer with over 7,000 locations across the U.S., Mexico, and Brazil
? - Publicly traded on the NYSE (Ticker: AZO) with a market capitalization exceeding $50B+
? - The company continues to benefit from resilient DIY and commercial repair demand in the non-discretionary auto parts sector
STRONG LOCAL ECONOMIC DRIVERS
- ?So-Pak-Co selected Laurinburg for a new $85M food processing and packaging facility
? - Expected to create 440 jobs
? - Statewide economic impact projected to exceed $1.5B, supporting long-term population and employment growth in the trade area
POSITIONED IN DENSE RETAIL CORRIDOR
- ?Over 1.7 million square feet of retail within a 1-mile radius
? - The subject benefits from proximity to national retailers and daily-needs traffic generators that drive consistent consumer activity
? - Nearby National retailers include, McDonalds, Popeyes, Dunkin, & Burger King
STRATEGIC INFILL LOCATION
- ?The property is positioned within an established and densely developed retail corridor, serving a stable and loyal customer base
? - Infill dynamics enhance long-term tenant retention and real estate value
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,227 SF
Building Class
C
Year Built
1960
Price
$1,733,000
Price Per SF
$169.45
Cap Rate
4.50%
NOI
$78,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.05 AC
Zoning
B
Parking
50 Spaces (4.89 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 10,227 SF
- -
- Jun 2041
AutoZone began in 1979 as a single store in Forrest City, Arkansas, after starting as a division of Malone & Hyde and later becoming a separate company. The business changed its name from Auto Shack to AutoZone and built its core around automotive replacement parts and accessories for cars, sport utility vehicles, vans, and light trucks. AutoZone operates as a retailer and distributor across the Americas, serving customers through stores, commercial programs, a website, and a mobile app. The company sells automotive diagnostic software through ALLDATA, offers Duralast branded products, and provides services such as battery testing, charging, diagnostic testing, and Loan-A-Tool, while not deriving revenue from automotive repair or installation.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | 10,227 SF | - | Jun 2041 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $135,660 | |
| Land Assessment | $252,000 | Total Assessment | $387,660 |
Property Taxes
Parcel Numbers
Land Assessment
$252,000
Improvements Assessment
$135,660
Total Assessment
$387,660
Contacts
-
Ben Olmstead -
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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