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AutoZone - Rio Grande City, TX 4019 E Highway 83 7,189 SF Retail Building Rio Grande City, TX 78582 $4,324,754 CAD ($601.58 CAD/SF) 4.50% Cap Rate
INVESTMENT HIGHLIGHTS
- After nearly 25 years of continuous operation at this site, AutoZone has reaffirmed its long-term commitment by executing a new 15-year lease.
- The lease includes fixed rental increases throughout both the base term and all option periods, providing built-in rent growth.
- AutoZone is the largest auto parts retailer in the U.S., operating over 7,500 locations across the United States, Mexico, and Brazil.
- A truly passive investment in which AutoZone is fully responsible for all taxes, insurance, maintenance, & any expenses incurred over the lease term.
- The lease is corporately guaranteed by AutoZone, Inc. (NYSE: AZO), a publicly traded corporation with an investment-grade S&P credit rating of BBB.
- Owning investment real estate in Texas offers certain investors the benefit of no state income tax on rental income.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to present exclusively for sale the 7,189 SF AutoZone located at 4019 East US-83 in Rio Grande City, TX. This property features a brand-new 15-year Absolute Triple Net (NNN) lease with zero landlord responsibilities - providing a truly passive, long-term investment secured by a nationally recognized, investment-grade tenant.
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
In Cooperation With Sands Investment Group Austin, LLC - Lic. #9004706 BoR: Max Freedman - Lic. TX #644481
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,189 SF
Building Class
C
Year Built
2001
Price
$4,324,754 CAD
Price Per SF
$601.58 CAD
Cap Rate
4.50%
NOI
$194,614 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.83 AC
Zoning
Commerical - Commercial
Parking
51 Spaces (7.09 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Autozone
- Services
- 7,189 SF
- $27.08 CAD
- Triple Net
- Dec 2040
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Autozone | Services | 7,189 SF | $27.08 CAD | Triple Net | Dec 2040 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05210-00000-00100-000000 | Improvements Assessment | $409,405 CAD |
| Land Assessment | $439,169 CAD | Total Assessment | $848,574 CAD |
PROPERTY TAXES
Parcel Number
05210-00000-00100-000000
Land Assessment
$439,169 CAD
Improvements Assessment
$409,405 CAD
Total Assessment
$848,574 CAD
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AutoZone - Rio Grande City, TX | 4019 E Highway 83
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