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AutoZone 453 Los Angeles ave 5,000 SF 100% Leased Retail Building Moorpark, CA 93021 $2,275,000 ($455/SF) 5% Cap Rate
Investment Highlights
- AutoZone NNN Lease - Leading automotive aftermarket parts retailer
- 6+ years of term remaining
- Long-term tenancy since 1997
Executive Summary
AutoZone location in Moorpark, CA. Tenant has been in place with continuous occupancy since 1997. Recently expanded into the full 5,000 SF footprint in 2023. Lease runs through December 31, 2032 with two additional 5 year options to extend. Annual rent increases to $124,582 as of January 1, 2028.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,000 SF
Building Class
B
Year Built
1997
Price
$2,275,000
Price Per SF
$455
Cap Rate
5%
NOI
$113,760
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
0.69 AC
Zoning
CPD - Commercial Planned Development
Parking
25 Spaces (7.14 Spaces per 1,000 SF Leased)
Frontage
185’ on W Los Angeles Ave
Amenities
- Pylon Sign
- Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 511-0-080-565 | Improvements Assessment | $624,240 |
| Land Assessment | $1,560,600 | Total Assessment | $2,184,840 |
Property Taxes
Parcel Number
511-0-080-565
Land Assessment
$1,560,600
Improvements Assessment
$624,240
Total Assessment
$2,184,840
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