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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
- ?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
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 10,227 SF
- -
- Jun 2041
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 End | ||
|
|
Retailer | 10,227 SF | - | Jun 2041 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $135,660 | |
| Land Assessment | $252,000 | Total Assessment | $387,660 |
Property Taxes
Contacts
-
Ben Olmstead -
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
