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AutoZone 5509 Lincoln Ave 7,001 SF Retail Building Lisle, IL 60532 $2,008,695 ($286.92/SF) 5.75% Cap Rate
Investment Highlights
- Adjacent to Naperville, One of Chicago’s Most Affluent Suburbs – Lisle sits immediately east of Naperville, which Niche ranked as the #2 Best Suburb
- New Roof Membrane Installed in 2025 – New roof membrane installed in 2025 and backed by a 20-year warranty
- “Long-term” Lease – AutoZone’s lease extends through August 2035, providing nearly 10 years of remaining term.
- Recent Extension to 10 Years – In December 2024, AutoZone agreed to extend the lease out to 10 years with rent increases in 2025 and 2030.
- Below Market Rent – AutoZone pays just $16.50 PSF, well below comparable retail rents in the expanded trade area, preserving long-term occupancy
- Investment-Grade Tenant (NYSE: AZO) – AutoZone has maintained investment-grade credit ratings for more than a decade
Executive Summary
Matthew M. Fitzgerald
License # 471021676, 478027547 (IL)
Matthews Real Estate Investment Services, Inc
600 W Fulton, Ste 100 Chicago, IL 60661
(866) 889-0550
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Aug 2025
AutoZone began in 1979 as a single store in Forrest City, Arkansas, after starting as a division of Malone & Hyde and later becoming a separate company. The business changed its name from Auto Shack to AutoZone and built its core around automotive replacement parts and accessories for cars, sport utility vehicles, vans, and light trucks. AutoZone operates as a retailer and distributor across the Americas, serving customers through stores, commercial programs, a website, and a mobile app. The company sells automotive diagnostic software through ALLDATA, offers Duralast branded products, and provides services such as battery testing, charging, diagnostic testing, and Loan-A-Tool, while not deriving revenue from automotive repair or installation.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Aug 2025 |
Property Taxes
| Parcel Number | 08-15-203-031 | Improvements Assessment | $227,566 |
| Land Assessment | $220,280 | Total Assessment | $447,846 |
Property Taxes
Contacts
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Conrad Sarreal -
Kevin Puder -
Chad Kurz -
Matthews Real Estate Investment Services
