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4019 E Highway 83
Rio Grande City, TX 78582
AutoZone - Rio Grande City, TX · Retail Property For Sale
Investment Highlights
- After nearly 25 years of continuous operation at this site, AutoZone has reaffirmed its long-term commitment by executing a new 15-year lease.
- The lease includes fixed rental increases throughout both the base term and all option periods, providing built-in rent growth.
- AutoZone is the largest auto parts retailer in the U.S., operating over 7,500 locations across the United States, Mexico, and Brazil.
- A truly passive investment in which AutoZone is fully responsible for all taxes, insurance, maintenance, & any expenses incurred over the lease term.
- The lease is corporately guaranteed by AutoZone, Inc. (NYSE: AZO), a publicly traded corporation with an investment-grade S&P credit rating of BBB.
- Owning investment real estate in Texas offers certain investors the benefit of no state income tax on rental income.
Property Facts
Property Type
Retail
Property Subtype
Building Size
7,189 SF
Building Class
C
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.83 AC
Zoning
Commerical - Commercial
Parking
52 Spaces (7.23 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
Property Taxes
| Parcel Number | 05210-00000-00100-000000 | Improvements Assessment | $297,250 |
| Land Assessment | $318,860 | Total Assessment | $616,110 |
Property Taxes
Parcel Number
05210-00000-00100-000000
Land Assessment
$318,860
Improvements Assessment
$297,250
Total Assessment
$616,110
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