Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

919 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Autozone | New 15yr Extension | Abs NNN 4019 E Highway 83 7,189 SF Retail Building Rio Grande City, TX 78582 $4,056,650 CAD ($564.29 CAD/SF) 4.75% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Corporate Guaranteed Lease |Options To Extend | New 15 Year Lease Extension | 1.83 Acre Parcel
Across From Starr Plaza (177,703 SF) | Frontage Visibility |Dense Retail Corridor | U.S. Highway 83 (35,900 VPD)

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased AutoZone investment property located in Rio Grande City, Texas. The tenant, AutoZone, after approximately 25 years of operation at this site, recently signed a new 15-year lease extension with six (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases in January of 2029 and then 5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for an investor.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Auto Repair

Building Size

7,189 SF

Building Class

Year Built

2001

Price

$4,056,650 CAD

Price Per SF

$564.29 CAD

Cap Rate

4.75%

NOI

$192,715 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.83 AC

Zoning

Commerical - Commercial

Parking

52 Spaces (7.23 Spaces per 1,000 SF Leased)

Dedicated Turn Lane
Freeway Visibility

Pylon Sign

Signage

Signalized Intersection

Retailer
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

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.