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NNN Freestanding AutoZone | Jackson, MS 1419 Ellis Ave 14,180 SF Retail Building Jackson, MS 39204 $1,443,430 CAD ($101.79 CAD/SF) 6% Cap Rate
Investment Highlights
- RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
Executive Summary
- ?This location ranks in the top 2% of all AutoZone stores nationwide and #1 in the state of Mississippi by foot traffic, highlighting exceptional performance and strategic importance within the tenant's portfolio
LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- ?AutoZone has continuously operated at this location since 1991, demonstrating deep market penetration and long-term commitment to the site
ABSOLUTE NNN GROUND LEASE
- ?The asset is structured as an absolute NNN ground lease, offering a passive investment to LL
INVESTMENT-GRADE CORPORATE TENANT (S&P: BBB)
- ?Leased to AutoZone, Inc. (NYSE: AZO), the nation's leading automotive parts retailer with 7,000+ locations and strong corporate credit backing
LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
- ?The in-place rent represents a low occupancy cost relative to replacement levels, supporting store-level profitability and reducing future rollover risk
RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- ?Auto parts retailers benefit from consistent demand across economic cycles, as consumers prioritize vehicle maintenance and repair over replacement
Property Facts
Amenities
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- 14,180 SF
- $10.54 CAD
- Dec 2037
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 | 14,180 SF | $10.54 CAD | Dec 2037 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 0220-0008-012 | Improvements Assessment | $44,198 CAD |
| Land Assessment | $27,271 CAD | Total Assessment | $71,469 CAD |
Property Taxes
Contacts
-
Eric Suffoletto -
David Hoppe -
Mike Lucier -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
Presented by
NNN Freestanding AutoZone | Jackson, MS | 1419 Ellis Ave
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