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AutoZone: North Charleston, SC 8385 Patriot Blvd 7,362 SF Retail Building Charleston, SC 29418 $2,260,000 ($306.98/SF) 5% Cap Rate

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Investment Highlights

Recently-Extended AutoZone with Corporate Guaranty
Top 13% of AutoZone locations in the U.S. | Top 3% of AutoZone locations in South Carolina (Placer.ai)
Potential Upside | Under-Market Rate | 50% Market Rent

Net Leased Covered Land Play | Ability to Reposition in 2046 | Only 1 Renewal Option
Rare Bumps | 2.50% Annually (Starting 10/1/29)
Outparcel to Festival Centre | Plans for Future Redevelopment

Executive Summary

CBRE is pleased to offer the 7,362-square-foot AutoZone Auto Parts positioned on 1.26 acres in North Charleston, South Carolina (MSA Population: 859,469). Built in 2006 under a 20-year lease, AutoZone just extended for an additional 15 years through 2041. The lease includes a corporate guaranty from AutoZone, Inc and features 2.5% annual rent increases starting in October 2029 throughout the initial term. There is one option to renew with a 12% rent increase.

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

7,362 SF

Building Class

Year Built

2006

Price

$2,260,000

Price Per SF

$306.98

Cap Rate

NOI

$113,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.13

Lot Size

1.26 AC

Zoning

B-2_NC

Parking

46 Spaces (6.25 Spaces per 1,000 SF Leased)

Frontage

124’ on Ashley Phosphate Rd

Bus Line

Pylon Sign

Signage

Signalized Intersection

Retailer
-
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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.