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6020 taylor rd
Wendell, NC 27591
AutoZone · Retail Property For Sale

Investment Highlights

  • NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
  • RECESSION-RESISTANT RETAIL SEGMENT
  • INVESTMENT-GRADE CORPORATE TENANT

Executive Summary

NEW 20-YEAR ABSOLUTE NNN GROUND LEASE
- Brand-new 2026 construction secured by a 20-year absolute NNN ground lease with zero landlord responsibilities, providing investors with long-term passive income and minimal management
INVESTMENT-GRADE CORPORATE TENANT
- Leased to AutoZone, Inc. (NYSE: AZO), one of the nation’s leading automotive parts retailers with more than 7,000 locations and investment-grade credit ratings (BBB S&P)
- The corporate lease structure provides strong credit backing and durable income
LOCATED WITHIN WENDELL FALLS MASTER-PLANNED COMMUNITY
- The property is positioned within Wendell Falls, one of the Triangle’s largest master-planned communities with more than 4,000 planned homes and over 2 million square feet of planned commercial space driving sustained population growth and retail demand
RECESSION-RESISTANT RETAIL SEGMENT
- Auto parts retailers historically perform well during economic downturns as consumers defer vehicle replacement and invest in maintenance and repair, creating consistent demand for automotive parts and services
EXPLOSIVE GROWTH IN ONE OF AMERICA’S FASTESTGROWING COUNTIES
- Wake County consistently ranks among the fastest-growing counties in the United States, adding approximately 60 new residents per day and benefiting from the economic drivers of the Raleigh-Durham Research Triangle
POSITIONED AT TREELIGHT SQUARE RETAIL HUB
- Located at the entrance to Treelight Square, the primary retail destination serving Wendell Falls, anchored by Publix and surrounded by national retailers including Starbucks, McDonald’s, Chipotle, Culver’s, Chickfil-A (coming soon), and Fifth Third Bank

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
7,500 SF
Year Built
2026
Price
$2,327,201 CAD
Price Per SF
$310.29 CAD
Cap Rate
4.50%
NOI
$104,738 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.29 AC

Property Taxes

Property Taxes

Parcel Number
1763.02-87-7940-000
Land Assessment
$1,516,099 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,516,099 CAD
  • Listing ID: 39871915

  • Date on Market: 2026-03-23

  • Last Updated:

  • Address: 6020 taylor rd, Wendell, NC 27591

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