8856 Navarre Pky | Navarre, FL 32566
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8856 Navarre Pky
Navarre, FL 32566
Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to AutoZone (NYSE: “AZO”)
- AutoZone is an investment-grade tenant rated “BBB” by S&P and has been a Fortune 500 company for the past 21+ years
- AutoZone’s annual revenue for 2022 was $16.252B, an 11.09% increase from 2021
- Requires no landlord management, ideal for an out-of-area or passive investor
- During the quarter ended November 19, 2022, AutoZone opened 28 new stores in the U.S., opened three stores in Mexico, and four stores in Brazil
- 2023 construction built to latest AutoZone prototype (larger-than-typical 7,381-SF building)
Property Facts
Property Type
Building Size
7,381 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.90 AC
Zoning
HCD
Frontage
384’ on NAVARRE PKWY
Property Taxes
| Parcel Number | 21-2S-26-0780-0AA11-0000 | Improvements Assessment | $808,989 |
| Land Assessment | $507,914 | Total Assessment | $1,316,903 |
Property Taxes
Parcel Number
21-2S-26-0780-0AA11-0000
Land Assessment
$507,914
Improvements Assessment
$808,989
Total Assessment
$1,316,903
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