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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
TOP 2% NATIONALLY | #1 AUTOZONE IN MISSISSIPPI (PLACER.AI)
- ?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
- ?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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,180 SF
Building Class
B
Year Built
1991
Price
$1,035,400
Price Per SF
$73.02
Cap Rate
6%
NOI
$62,124
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.99 AC
Zoning
C - Commercial
Parking
46 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
192’ on Ellis Avenue
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 14,180 SF
- $7.56
- Dec 2037
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 | 14,180 SF | $7.56 | Dec 2037 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0220-0008-012 | Improvements Assessment | $31,451 |
| Land Assessment | $19,406 | Total Assessment | $50,857 |
Property Taxes
Parcel Number
0220-0008-012
Land Assessment
$19,406
Improvements Assessment
$31,451
Total Assessment
$50,857
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
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