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2234 Prairie Ave
Beloit, WI 53511
Commerce de détail Propriété À vendre
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Faits saillants de l'investissement
- AutoZone has maintained continuous occupancy since 1998, recently extending its lease through 2034.
- Long-term rental upside with structured increases in base term and options.
- Dense retail corridor location near national tenants like Walmart and Starbucks.
- New roof and parking lot installed in 2022, with a 20-year transferable warranty.
- Corporate-guaranteed lease by AutoZone Inc. with an S&P BBB credit rating.
- Conveniently located near Beloit Memorial Hospital and major interstates I-39/90 and I-43.
Résumé de l'annonce
This AutoZone property presents an attractive net lease investment opportunity in the thriving Beloit retail corridor. AutoZone, a leading national automotive retailer, has occupied the location since 1998 and renewed its lease in 2023 for an additional 10-year term, signifying long-term operational stability. The current double-net lease includes landlord responsibilities for roof, structure, and parking lot, with a new roof and parking lot improvements installed in 2022 under a transferable 20-year warranty.
The property is offered at $845,000 with a 6.25% cap rate, supported by an annual NOI of $52,800. Scheduled rent increases, including a 6.8% bump in 2029 and 7.5% increases during each option period, enhance income growth over time. AutoZone’s corporate guarantee and S&P BBB investment-grade rating further reinforce tenant creditworthiness, ensuring steady cash flow.
Strategically positioned along a high-traffic corridor (+24,800 VPD), the property benefits from proximity to Walmart, Menards, Starbucks, and Beloit Memorial Hospital, which is a major local employer. Coupled with Beloit's economic development and access to key interstates (I-39/90 and I-43), this asset offers investors a durable, income-producing property backed by a nationally recognized brand.
The property is offered at $845,000 with a 6.25% cap rate, supported by an annual NOI of $52,800. Scheduled rent increases, including a 6.8% bump in 2029 and 7.5% increases during each option period, enhance income growth over time. AutoZone’s corporate guarantee and S&P BBB investment-grade rating further reinforce tenant creditworthiness, ensuring steady cash flow.
Strategically positioned along a high-traffic corridor (+24,800 VPD), the property benefits from proximity to Walmart, Menards, Starbucks, and Beloit Memorial Hospital, which is a major local employer. Coupled with Beloit's economic development and access to key interstates (I-39/90 and I-43), this asset offers investors a durable, income-producing property backed by a nationally recognized brand.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
7 749 pi²
Classe d’immeuble
C
Année de construction
1976
Prix
1 192 041 $ CAD
Prix par pi²
153,83 $ CAD
Taux de capitalisation
6,25%
Revenu net d’exploitation
74 485 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,17
Taille du lot
1,03 AC
Zonage
C1 - Commercial
Stationnement
30 places (3,87 places par 1 000 pi² loué)
Impôts fonciers
| Numéro de lot | 124-20655 | Évaluation des bâtiments | 1 050 266 $ CAD |
| Évaluation du terrain | 177 325 $ CAD | Évaluation totale | 1 227 591 $ CAD |
Impôts fonciers
Numéro de lot
124-20655
Évaluation du terrain
177 325 $ CAD
Évaluation des bâtiments
1 050 266 $ CAD
Évaluation totale
1 227 591 $ CAD
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