Orlando, FL - AutoZone

Description:

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.

The subject property is strategically positioned along S. Goldenrod Road (50,000 VPD) with immediate connectivity to Lake Underhill Road (28,500 VPD) and nearby State Highway 408 (178,000 VPD), one of the primary east-west commuter corridors serving the Orlando MSA. The asset is located directly across from Rio Pinar Plaza, a Publix anchored shopping center featuring national tenants including Planet Fitness, Firestone, Pet Supermarket, Pizza Hut, and Supercuts. The surrounding retail corridor is densely populated with additional national and credit tenancy including Walmart Neighborhood Market, Walgreens, Dutch Bros, McDonald’s, Wendy’s, Dunkin’, Wawa, Valvoline, Circle K, 7-Eleven, O’Reilly Auto Parts, LA Fitness, and more, further driving consistent consumer traffic to the immediate trade area. The property benefits from its location within one of Orlando’s primary infill retail corridors, approximately 13 minutes east of Downtown Orlando and near Orlando International Airport. The 5-mile trade area is supported by a population of more than 308,000 residents and an average household income exceeding $104,000.

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Listing ID: a28TP000002hLZVYA2