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STNL AutoZone/BBB Credit/10 Yr Lease 4630 Veterans Memorial Blvd 14 165 pi² Commerce de détail Immeuble Metairie, LA 70006 7 608 645 $ CAD (537,14 $ CAD/pi²) 5,41% Taux de capitalisation
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FAITS SAILLANTS DE L'INVESTISSEMENT
- AutoZone: Largest U.S. auto parts retailer (NYSE: AZO) with 7,100+ stores worldwide, $18.5B+ in 2024 revenue, and BBB (S&P) credit rating.
- Long-Term Lease: New 10-year AutoZone lease with four 5-year renewal options provides up to 30 years of stable income.
- Prime Metairie, LA Location: 4th largest city in Louisiana with 133,000+ residents nearby, just 6 miles from downtown New Orleans
- Easy Management & Single-Tenant NNN Lease: Tenant covers all expenses, including maintenance, taxes, and insurance, ideal for passive or 1031 investor
- Growing Income Stream: 8% rent increases every 5 years provide rising cash flow, value growth, and an inflation hedge.
RÉSUMÉ DE L'ANNONCE
LOUISIANA BROKER OF RECORD ….SRSA Commercial Real Estate / Steve Reisig / License No. 14916A
Faris Lee Investments is pleased to present the unique opportunity to acquire a single-tenant, triple-net (NNN) leased property occupied by AutoZone, a dominant force in the automotive aftermarket industry. This asset represents a premier passive investment, secured by a long-term lease with a high-credit national tenant located in a core market of the New Orleans MSA.
This specific location is in Metairie, Louisiana, which is a strategically positioned suburb just six miles northwest of downtown New Orleans. Metairie is a robust market, ranking as the fourth most populous community in Louisiana and boasting a high-density population of over 133,000 residents within a three-mile radius. This area is a significant regional economic hub and is notably home to the corporate headquarters and training facilities for both the New Orleans Saints (NFL) and the New Orleans Pelicans (NBA).
The investment is backed by an exeptionally strong corporate guarantee. AutoZone (NYSE: ATO) is the largest auto parts retailer in the U.S. and carries an investment-grade credit rating of ‘BBB’ from S&P. AutoZone demonstrates exceptional financial strength with a massive market capitalization of approximately $67.42 billion and fiscal year 2024 revenues exceeding $18.5 billion.
An ideal feature is the triple-net (NNN) lease structure, which transfers sole responsibility for property taxes, insurance, and CAM directly to the tenant. Landlord is responsible for roof and structure, as well as parking lot repairs only for the first three years. This complete delegation of responsibilities provides a management-free asset perfect for a passive investor, a 1031 exchange, or anyone seeking a secure addition to their portfolio.
Long-term stability and income growth are built directly into the lease. AutoZone recently executed a new 10-year primary lease term with 4 (5-year) options, creating a potential total lease term of up to thirty years. Furthermore, the lease includes a growing income stream with 8% rental increases every five years. These scheduled escalations ensure consistently increasing cash flow for the investor, creating long-term value appreciation and serving as a robust hedge against inflation.
Faris Lee Investments is pleased to present the unique opportunity to acquire a single-tenant, triple-net (NNN) leased property occupied by AutoZone, a dominant force in the automotive aftermarket industry. This asset represents a premier passive investment, secured by a long-term lease with a high-credit national tenant located in a core market of the New Orleans MSA.
This specific location is in Metairie, Louisiana, which is a strategically positioned suburb just six miles northwest of downtown New Orleans. Metairie is a robust market, ranking as the fourth most populous community in Louisiana and boasting a high-density population of over 133,000 residents within a three-mile radius. This area is a significant regional economic hub and is notably home to the corporate headquarters and training facilities for both the New Orleans Saints (NFL) and the New Orleans Pelicans (NBA).
The investment is backed by an exeptionally strong corporate guarantee. AutoZone (NYSE: ATO) is the largest auto parts retailer in the U.S. and carries an investment-grade credit rating of ‘BBB’ from S&P. AutoZone demonstrates exceptional financial strength with a massive market capitalization of approximately $67.42 billion and fiscal year 2024 revenues exceeding $18.5 billion.
An ideal feature is the triple-net (NNN) lease structure, which transfers sole responsibility for property taxes, insurance, and CAM directly to the tenant. Landlord is responsible for roof and structure, as well as parking lot repairs only for the first three years. This complete delegation of responsibilities provides a management-free asset perfect for a passive investor, a 1031 exchange, or anyone seeking a secure addition to their portfolio.
Long-term stability and income growth are built directly into the lease. AutoZone recently executed a new 10-year primary lease term with 4 (5-year) options, creating a potential total lease term of up to thirty years. Furthermore, the lease includes a growing income stream with 8% rental increases every five years. These scheduled escalations ensure consistently increasing cash flow for the investor, creating long-term value appreciation and serving as a robust hedge against inflation.
BILAN FINANCIER (RÉEL - 2025) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
-
|
-
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
-
|
-
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (RÉEL - 2025) 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
14 165 pi²
Classe d’immeuble
C
Année de construction
2024
Prix
7 608 645 $ CAD
Prix par pi²
537,14 $ CAD
Taux de capitalisation
5,41%
Revenu net d’exploitation
411 510 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,37
Taille du lot
0,88 AC
Zonage
R1A
Stationnement
80 places (5,65 places par 1 000 pi² loué)
Façade
112’ sur Veterans Memorial Blvd
Walk Score®
Très pratique à pied (80)
PRINCIPAUX DÉTAILLANTS À PROXIMITÉ
1 de 8
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STNL AutoZone/BBB Credit/10 Yr Lease | 4630 Veterans Memorial Blvd
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