135 NW 15th St
McMinnville, OR 97128
AutoZone · Retail Property For Sale

The subject property, located in McMinnville, Oregon, includes an AutoZone ground lease and a Gold Rush Coffee ground lease. The property sits on five parcels totaling 3.68 acres. AutoZone has just renewed their lease for another ten years with three, five-year options. Gold Rush also signed a new, five-year NNN ground lease and has one, five-year option to renew. Gold Rush is a coffee kiosk that is drive-thru only, with windows on either side. The AutoZone lease is corporate guaranteed by AutoZone, Inc., the largest American retailer of aftermarket automotive parts and accessories. In 2019 AutoZone, Inc. hit a total net sales of near $11.9 billion, a 5.7% increase in sales since 2018. This AutoZone and Gold Rush Coffee location sits at the intersection of Pacific Highway West, North Baker Street, and Northwest 15th Street. There are three points of ingress and egress. Pacific Highway West, with traffic counts of over 24,000 vehicles per day, is the main retail corridor in McMinnville. With national retail to the northeast and more local retailers to the south in Downtown McMinnville, the subject property is centrally located. There are 40+ national retailers within a two-mile radius that include Walmart, Safeway, Petco, JCPenny, Staples, WinCo, Grocery Outlet, Rite Aid, Taco Bell, IHOP, and more. This location is directly across from McMinnville High School, housing over 2,000 students.