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575 New Rd
Somers Point, NJ 08244
AutoZone NNN Ground Lease | $106K Avg HHI · Retail Property For Sale
Investment Highlights
- Credit Tenant/NYSE: AZO $33B+ Market Cap
- Priced Below Replacement Cost/Large 6,000 SF Building .93 Acres of Land
- Tenant Prohibited from Demolishing Building at End of Lease
- Absolute NNN Ground Lease/No Landlord Responsibility
- Average Household Income Exceeds $106,000 in a 3 Mile Radius
- Very Low Effective Rent of 412.50 Per SF/Rents Well Below Market
Property Facts
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,000 SF
Building Class
B
Year Built
2016
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.93 AC
Zoning
HC-1
Parking
65 Spaces (7.66 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 21-01223-0000-00004 | Improvements Assessment | $392,000 |
| Land Assessment | $598,000 | Total Assessment | $990,000 |
Property Taxes
Parcel Number
21-01223-0000-00004
Land Assessment
$598,000
Improvements Assessment
$392,000
Total Assessment
$990,000
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