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STNL AutoZone/BBB Credit/Below Market Rent 1102 E Church St 6 786 pi² Commerce de détail Immeuble Cherryville, NC 28021 1 781 929 $ CAD (262,59 $ CAD/pi²) 6% Taux de capitalisation
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Faits saillants de l'investissement
- Auto Zone (NYSE: ATO) publicly traded / Investment grade BBB (S&P)
- Below Market Rent & Growing income stream - 10% Increase in rent every 5 years
- 26 Years at this location with 20 years of potential option term remaining
- STNL ease of management as tenant responsible for property taxes, liability insurance, and recurring operating expenses
- Land & building ownership provide tax benefits - Ideal for 1031 exchange
- Located in high growth suburb of Charlotte, NC
Résumé de l'annonce
North Carolina Broker of Record: DARREN WOOD License No. 9359
Faris Lee Investments is pleased to present the unique opportunity to acquire a Single Tenant Net Lease property occupied by AutoZone, the dominant force in the automotive aftermarket industry. This asset represents an exceptional passive investment, secured by a corporate lease with an investment-grade tenant in the high-growth Charlotte, NC MSA. The property offers fee-simple building ownership at 1102 E Church Street, providing excellent tax benefits through cost segregation and accelerated depreciation.
The investment is backed by an exceptionally strong corporate guarantee. AutoZone (NYSE:AZO) is the largest auto parts retailer in the U.S. and carries a ‘BBB Stable’ investment-grade credit rating from S&P. Operating since 1979, the company demonstrates massive financial strength with a $58 Billion market capitalization (as of May 2026), fiscal year 2025 revenues exceeding $18.9 Billion, and a footprint of over 7,100 stores across the U.S., Mexico, and Brazil. A key feature of this asset is the ease of management provided by the corporate lease structure. The tenant handles property taxes, insurance, utilities, landscaping, HVAC, and dayto-day maintenance. Landlord responsibilities are limited strictly to the roof, structure, and major parking lot replacement, requiring no management overhead. This hands-off structure creates a secure vehicle perfect for a passive investor or 1031 exchange buyer looking for immediate corporate cash flow.
Faris Lee Investments is pleased to present the unique opportunity to acquire a Single Tenant Net Lease property occupied by AutoZone, the dominant force in the automotive aftermarket industry. This asset represents an exceptional passive investment, secured by a corporate lease with an investment-grade tenant in the high-growth Charlotte, NC MSA. The property offers fee-simple building ownership at 1102 E Church Street, providing excellent tax benefits through cost segregation and accelerated depreciation.
The investment is backed by an exceptionally strong corporate guarantee. AutoZone (NYSE:AZO) is the largest auto parts retailer in the U.S. and carries a ‘BBB Stable’ investment-grade credit rating from S&P. Operating since 1979, the company demonstrates massive financial strength with a $58 Billion market capitalization (as of May 2026), fiscal year 2025 revenues exceeding $18.9 Billion, and a footprint of over 7,100 stores across the U.S., Mexico, and Brazil. A key feature of this asset is the ease of management provided by the corporate lease structure. The tenant handles property taxes, insurance, utilities, landscaping, HVAC, and dayto-day maintenance. Landlord responsibilities are limited strictly to the roof, structure, and major parking lot replacement, requiring no management overhead. This hands-off structure creates a secure vehicle perfect for a passive investor or 1031 exchange buyer looking for immediate corporate cash flow.
Bilan financier (Réel - 2026) Cliquez ici pour accéder à |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
-
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-
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| Autres revenus |
-
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-
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| Perte due à l’inoccupation |
-
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-
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| Revenu brut effectif |
-
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-
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| Revenu net d’exploitation |
$99,999
|
$9.99
|
Bilan financier (Réel - 2026) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
6 786 pi²
Classe d’immeuble
B
Année de construction
2007
Prix
1 781 929 $ CAD
Prix par pi²
262,59 $ CAD
Taux de capitalisation
6%
Revenu net d’exploitation
106 916 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,10
Taille du lot
1,60 AC
Zone de développement économique
Oui
Zonage
RET03 - Per the city of Cherryville the location is zoned B-3 (General Business)
Stationnement
42 places (5,75 places par 1 000 pi² loué)
Façade
95’ sur Church St
Commodités
- Visibilité de l'autoroute
- Enseigne sur pylône
- Affichage
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
-
- Détaillant
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
AutoZone began operations in 1979 as Auto Shack in Arkansas and grew into a retailer and distributor of automotive replacement parts and accessories. AutoZone serves do-it-yourself customers and commercial customers through store locations and digital channels, with product lines that include new and remanufactured hard parts, maintenance items, accessories, and non-automotive products for cars, sport utility vehicles, vans, and light-duty trucks. AutoZone also maintains a market presence across the Americas, including operations in the United States, Mexico, and Brazil.
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
|
|
Détaillant | - | $9.99 | Lorem Ipsum | Jan 0000 |
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Relativement accessible en vélo
20/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 212598 | Évaluation des bâtiments | 748 445 $ CAD (2025) |
| Évaluation du terrain | 269 960 $ CAD (2025) | Évaluation totale | 1 018 405 $ CAD (2025) |
Impôts fonciers
Numéro de lot
212598
Évaluation du terrain
269 960 $ CAD (2025)
Évaluation des bâtiments
748 445 $ CAD (2025)
Évaluation totale
1 018 405 $ CAD (2025)
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Présenté par
STNL AutoZone/BBB Credit/Below Market Rent | 1102 E Church St
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