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1235 S Market St
Elizabethtown, PA 17022
AutoZone · Retail Property For Sale
Investment Highlights
- Nearly 17 Years Remaining in Lease Term
- Located 0.7 Miles from Elizabethtown College, Home to 2,283 Students
- Limited Landlord Responsibilities and BBB Investment-Grade Credit Tenant
- 5 Percent Rent Increases Every Five Years in Firm Term and Four Five-Year Renewal Options
- 46,395 People With $106,762 Average Household Income Within Five-Mile Radius
- Brand New 39-Home Bear Creek Estates and 209-Homesite Klein Mills 55-Plus Residential Developments by Ryan Homes 1.2 Miles Northeast
Executive Summary
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 6,816-square-foot AutoZone located in Elizabethtown, PA. AutoZone Development LLC has approximately 16.8 years remaining on its double-net lease. The lease features 5 percent rental increases every five years throughout the primary term and four additional five-year renewal options.
The property is situated on 1.15 acres along South Market Street, the area’s primary commercial corridor. The site is located near Elizabethtown College and Elizabethtown Area High School, and several recent residential developments by Ryan Homes have been completed approximately 1.2 miles from the property.
Located 20.1 miles southeast of Harrisburg, PA, and 83.5 miles west of Philadelphia, Elizabethtown offers convenient access to Interstate 76 (Pennsylvania Turnpike), State Route 283 and State Route 230, providing strong regional connectivity.
Founded in 1979 and headquartered in Memphis, TN, AutoZone is the nation’s leading automotive replacement parts retailer. The company operates more than 7,856 stores and plans to open approximately 365 new stores during fiscal year 2026. AutoZone recently achieved a BBB investment-grade credit rating.
As the leading auto parts retailer in the United States, AutoZone remains well-positioned for continued growth, making this offering an attractive opportunity for investors seeking a longterm net-lease investment backed by a nationally recognized tenant.
Marcus & Millichap Real Estate Investment Services
Timothy Stephenson, Jr., Broker of Record
2005 Market St., Ste. 1510 Philadelphia, PA 19103
P: (215) 531-7000
Lic #: RMR006104
Firm Lic #: RB062197C
Timothy.Stephenson@marcusmillichap.com
The property is situated on 1.15 acres along South Market Street, the area’s primary commercial corridor. The site is located near Elizabethtown College and Elizabethtown Area High School, and several recent residential developments by Ryan Homes have been completed approximately 1.2 miles from the property.
Located 20.1 miles southeast of Harrisburg, PA, and 83.5 miles west of Philadelphia, Elizabethtown offers convenient access to Interstate 76 (Pennsylvania Turnpike), State Route 283 and State Route 230, providing strong regional connectivity.
Founded in 1979 and headquartered in Memphis, TN, AutoZone is the nation’s leading automotive replacement parts retailer. The company operates more than 7,856 stores and plans to open approximately 365 new stores during fiscal year 2026. AutoZone recently achieved a BBB investment-grade credit rating.
As the leading auto parts retailer in the United States, AutoZone remains well-positioned for continued growth, making this offering an attractive opportunity for investors seeking a longterm net-lease investment backed by a nationally recognized tenant.
Marcus & Millichap Real Estate Investment Services
Timothy Stephenson, Jr., Broker of Record
2005 Market St., Ste. 1510 Philadelphia, PA 19103
P: (215) 531-7000
Lic #: RMR006104
Firm Lic #: RB062197C
Timothy.Stephenson@marcusmillichap.com
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
6,816 SF
Building Class
C
Year Built
2023
Price
$2,800,000
Price Per SF
$410.80
Cap Rate
5%
NOI
$140,004
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.15 AC
Zoning
C-G - Commercial General zoning
Parking
36 Spaces (5.28 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 250-40734-0-0000 | Improvements Assessment | $417,400 |
| Land Assessment | $121,000 | Total Assessment | $538,400 |
Property Taxes
Parcel Number
250-40734-0-0000
Land Assessment
$121,000
Improvements Assessment
$417,400
Total Assessment
$538,400
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