Log In/Sign Up
Your email has been sent.
1419 Ellis Ave
Jackson, MS 39204
NNN Freestanding AutoZone | Jackson, MS · Retail Property For Sale
Investment Highlights
- RECESSION-RESISTANT, NECESSITY-BASED RETAIL
- LONG-TERM OCCUPANCY | 30+ YEAR OPERATING HISTORY
- LOW RENT BASIS SUPPORTS LONG-TERM TENANT VIABILITY
Executive Summary
TOP 2% NATIONALLY | #1 AUTOZONE IN MISSISSIPPI (PLACER.AI)
- ?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
- ?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
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,180 SF
Building Class
B
Year Built
1991
Price
$1,419,057 CAD
Price Per SF
$100.07 CAD
Cap Rate
6%
NOI
$85,143 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.33
Lot Size
0.99 AC
Zoning
C - Commercial
Parking
46 Spaces (3.24 Spaces per 1,000 SF Leased)
Frontage
192’ on Ellis Avenue
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 0220-0008-012 | Improvements Assessment | $43,105 CAD |
| Land Assessment | $26,597 CAD | Total Assessment | $69,702 CAD |
Property Taxes
Parcel Number
0220-0008-012
Land Assessment
$26,597 CAD
Improvements Assessment
$43,105 CAD
Total Assessment
$69,702 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
