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AutoZone | 15yrs Remain Corp Abs NNN GL 801 S Goldenrod Rd 7,008 SF Retail Building Orlando, FL 32822 $1,424,000 ($203.20/SF) 4.25% Cap Rate

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Investment Highlights

Corporate Guaranteed Ground Lease | 15 Years Remaining | Options to Extend
Dense Orlando Retail Corridor | Strong National Co-Tenancy | Proximity to the University of Central Florida (UCF)

Absolute NNN | Leased-Fee Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN ground lease AutoZone investment property located in Orlando, Florida. The tenant, AutoZone Stores LLC, recently executed a 12-year lease extension through June 2041, demonstrating their long-term commitment to the site and the surrounding trade area. The lease features a scheduled 10% rental increase beginning in July 2029 with additional rental increases throughout the six (5-year) option periods, steadily growing NOI and providing a hedge against inflation. The lease is structured as an absolute NNN lease with zero landlord responsibilities, making it an ideal management-free investment opportunity for a passive or out-of-state investor.

Property Facts

Sale Type

Investment NNN

Sale Condition

Ground Lease (Leased Fee)

Property Type

Retail

Property Subtype

Auto Repair

Building Size

7,008 SF

Building Class

Year Built/Renovated

2009/2012

Price

$1,424,000

Price Per SF

$203.20

Cap Rate

4.25%

NOI

$60,500

Tenancy

Single

Building Height

1 Story

Building FAR

0.16

Lot Size

1.02 AC

Zoning

C-1 - ORG-RSTD- C-1

Parking

45 Spaces (6.42 Spaces per 1,000 SF Leased)

Frontage

133’ on Goldenrod Rd

Signage

Monument Signage

Retailer
99,999 SF
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AutoZone is the nation's leading retailer and a leading distributor of automotive replacement parts and accessories with stores in the US, Mexico, Brazil and Puerto Rico. Each store carries an extensive line for cars, sport utility vehicles, vans and light trucks, including new and remanufactured hard parts, maintenance items and accessories. AutoZone, headquartered in Memphis, TN, is a growing Fortune 300 company with a deep commitment to serving their customers, communities and fellow AutoZoners. They have vast opportunities in their stores, distribution centers, field offices, specialty business units and Store Support Center and embrace diverse experiences, backgrounds, knowledge and ideas to strengthen their teams and business. Their team is connected by a deep commitment to their Pledge and Values, principles established more than thirty years ago that reinforce their priorities and team culture.