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AutoZone: West Lafayette, IN 2926 US 52 7,381 SF Retail Building West Lafayette, IN 47906 $1,889,000 ($255.93/SF) 4.50% Cap Rate
Investment Highlights
- 2025 Construction | Absolute NNN Ground Lease with Corporate Guaranty
- Outparcel to Menards & Meijer
- Boasts rent well below prevailing market rates, providing investors with future upside potential and a highly attractive acquisition basis PSF.
- Recent Development Fuels Growth | Hub for New Investment
- Less than four miles from Purdue university
Executive Summary
CBRE is pleased to exclusively offer for sale the 7,381 SF AutoZone situated on 1.24 AC in West Lafayette, IN - a component of the Lafayette, IN MSA (population - 220,000+). Recently constructed and opened, AutoZone’s absolute NNN ground lease features a corporate guaranty from AutoZone, Inc. (S&P: BBB) and ±19.6 years of term remaining with 8% rent increases every five years throughout the initial term and in each of the three, 5-year renewal options.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
7,381 SF
Building Class
C
Year Built
2025
Price
$1,889,000
Price Per SF
$255.93
Cap Rate
4.50%
NOI
$85,005
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.58 AC
Opportunity Zone
Yes
Frontage
130’ on U.S. 52
Nearby Major Retailers
Property Taxes
| Parcel Number | 79-06-02-151-012.000-029 | Improvements Assessment | $0 |
| Land Assessment | $461,200 | Total Assessment | $461,200 |
Property Taxes
Parcel Number
79-06-02-151-012.000-029
Land Assessment
$461,200
Improvements Assessment
$0
Total Assessment
$461,200
Contacts
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Katie Goldberg -
Abby Kelly -
Kevin Broderick -
Leah Lindell -
Kaitlyn Wolf -
CBRE, Inc.
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AutoZone: West Lafayette, IN | 2926 US 52
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