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NNN Freestanding AutoZone | Jackson, MS 1419 Ellis Ave 14,180 SF Retail Building Jackson, MS 39204 $1,035,400 ($73.02/SF) 6% Cap Rate
Investment Highlights
- RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
Executive Summary
- ?This location ranks in the top 2% of all AutoZone stores nationwide and #1 in the state of Mississippi by foot traffic, highlighting exceptional performance and strategic importance within the tenant's portfolio
LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- ?AutoZone has continuously operated at this location since 1991, demonstrating deep market penetration and long-term commitment to the site
ABSOLUTE NNN GROUND LEASE
- ?The asset is structured as an absolute NNN ground lease, offering a passive investment to LL
INVESTMENT-GRADE CORPORATE TENANT (S&P: BBB)
- ?Leased to AutoZone, Inc. (NYSE: AZO), the nation's leading automotive parts retailer with 7,000+ locations and strong corporate credit backing
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- ?The in-place rent represents a low occupancy cost relative to replacement levels, supporting store-level profitability and reducing future rollover risk
RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- ?Auto parts retailers benefit from consistent demand across economic cycles, as consumers prioritize vehicle maintenance and repair over replacement
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 14,180 SF
- $7.56
- Dec 2037
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 | 14,180 SF | $7.56 | Dec 2037 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0220-0008-012 | Improvements Assessment | $31,451 |
| Land Assessment | $19,406 | Total Assessment | $50,857 |
Property Taxes
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Kendra Doherty -
Connor Kuchman -
Atlantic Capital Partners
Presented by
NNN Freestanding AutoZone | Jackson, MS | 1419 Ellis Ave
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