319 N Main St
Lanoka Harbor, NJ 08734
AutoZone · Retail Property For Sale

CBRE IS PLEASED TO EXCLUSIVELY PRESENT FOR SALE this AutoZone property located on N Main St/Route 9 in Lanoka Harbor, NJ. The subject property is on a long-term NNN lease with minimal landlord responsibilities or possibility of expenses with 8 years of term before the renewal options. There are also 10% rental increases in each of the three, five year options to renew. AutoZone, the leading retailer of automotive replacement parts and accessories, has successfully operated in this location since 2007. The lease is corporately guaranteed by AutoZone, an investment grade credit tenant rated BBB by Standard & Poor's. AutoZone is strategically located on N Main Street/Route 9 with excellent access and visibility. Route 9 is a main throughway in Lanoka Harbor, with traffic counts of 18,000 vehicles per day and home to countless national retailers. AutoZone sits across from The Home Depot, KOHL's, and the Lacey Mall, an outdoor shopping center anchored by ShopRite. Additional tenants include Dollar Tree, TJ Maxx, PetValu, Burger King and Dunkin' Donuts to name a few. This is a densely populated area 6,872 people within 1 mile of the site, 31,880 people within 3 miles and 50,887 people within 5 miles. The population in the 1, 3 and 5 mile rings is projected to grow through 2023. It's also an affluent market as the average household income exceeds $102,000 within 1 mile of AutoZone. This NNN lease coupled with a successful, long-term tenant and a main retail area offers an ideal investment for the astute investor.