AutoZone

Highlights:

• Long-Term Lease: 14+ years remaining on absolute net ground lease featuring 8% rental increases every 5 years
• Strong Corporate Backing: Lease features a full-term corporate guaranty from AutoZone, Inc. (NYSE: AZO)
• Excellent Visibility/Accessibility: Ideal location along South Main Street – one of Laurinburg’s primary retail/commercial corridors
• Longstanding Tenant Presence: AutoZone has operated at the property since 1989, demonstrating a longstanding commitment to the location and established presence within the trade area
• Significant Revenues: FY 2026 revenue totaled $20.3 billion, a 7.4% increase over the previous year
• Strong Corporate Profitability: $2.57 billion in net income for fiscal year 2026, demonstrating substantial profitability and financial strength supporting its long-term lease obligations
• Expansive Portfolio: 8,000+ locations worldwide
• Regional Accessibility: Convenient access to US Highway 74, a major east-west transportation artery connecting Laurinburg to Charlotte, Monroe, and Wilmington, supporting regional connectivity and commercial activity
• County Seat Location: Laurinburg serves as the county seat of Scotland County, positioning the city as a central hub for government, employment, retail, and essential services throughout the surrounding region
• Major Healthcare Employment Hub: Located near Scotland Memorial Hospital, part of Scotland Health Care System, one of the county’s largest employers and a significant source of local economic activity

Description:

Long-term corporate AutoZone lease at extremely low ground rent – $78K.

Over 14 years remain on this recent lease extension that features 8% rental increases every 5 years and a full-term corporate guaranty from AutoZone, Inc. (NYSE: AZO). The company reported $20.3 billion in FY 2026 revenue, a 7.4% increase over the previous year.

The subject property is strategically located along South Main Street (US 401 Business / US 15 Business), a primary commercial thoroughfare in Laurinburg providing convenient access to the surrounding residential neighborhoods, established retail corridors, and the greater Scotland County trade area.

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