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NNN Freestanding AutoZone | Laurinburg, NC 1203 S Main St 10,227 SF Retail Building Laurinburg, NC 28352 $1,642,000 ($160.56/SF) 4.75% 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
$1,642,000
Price Per SF
$160.56
Cap Rate
4.75%
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 operations in 1979 as Auto Shack in Arkansas and grew into a retailer and distributor of automotive replacement parts and accessories. AutoZone serves do-it-yourself customers and commercial customers through store locations and digital channels, with product lines that include new and remanufactured hard parts, maintenance items, accessories, and non-automotive products for cars, sport utility vehicles, vans, and light-duty trucks. AutoZone also maintains a market presence across the Americas, including operations in the United States, Mexico, and Brazil.
| 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
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