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AutoZone | 15 Yr Absolute NNN Ground Lease 801 S Goldenrod Rd 7,008 SF Retail Building Orlando, FL 32822 $2,143,134 CAD ($305.81 CAD/SF) 4% Cap Rate
Investment Highlights
- Corporate Guaranteed Ground Lease | 15 Years Remaining | Options to Extend
- Dense Orlando Retail Corridor | Strong National Co-Tenancy | Proximity to the University of Central Florida (UCF)
- Absolute NNN | Leased-Fee 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 leased fee interest (land ownership) in an absolute NNN ground lease AutoZone investment property located in Orlando, Florida. The tenant, AutoZone Stores LLC, recently executed a 12-year lease extension through June 2041, demonstrating their long-term commitment to the site and the surrounding trade area. The lease features a scheduled 10% rental increase beginning in July 2029 with additional rental increases throughout the six (5-year) option periods, steadily growing NOI and providing a hedge against inflation. The lease is structured as an absolute NNN lease with zero landlord responsibilities, making it an ideal management-free investment opportunity for a passive or out-of-state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,008 SF
Building Class
B
Year Built
2009
Price
$2,143,134 CAD
Price Per SF
$305.81 CAD
Cap Rate
4%
NOI
$85,697 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.02 AC
Zoning
C-1 - ORG-RSTD- C-1
Parking
45 Spaces (6.42 Spaces per 1,000 SF Leased)
Frontage
133’ on Goldenrod Rd
Amenities
- Signage
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-2230-6409-00-023 | Improvements Assessment | $1,504,937 CAD |
| Land Assessment | $743,032 CAD | Total Assessment | $2,247,969 CAD |
Property Taxes
Parcel Number
35-2230-6409-00-023
Land Assessment
$743,032 CAD
Improvements Assessment
$1,504,937 CAD
Total Assessment
$2,247,969 CAD
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AutoZone | 15 Yr Absolute NNN Ground Lease | 801 S Goldenrod Rd
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