Vero Beach, FL - AutoZone

Description:

• The tenant recently signed a brand new 20-year lease with 4 (5-Year) options to extend, demonstrating their long-term commitment to the site
• The lease features a 9% rental increase at year 11, 10% increase in option 2, and a 15% increase in both option 3 and 4
• AutoZone is one of the largest automotive aftermarket parts retailers in the US, operating over 8,000 stores globally
• New construction features high quality materials, distinct design elements, and high-level finishes

• National retailers in the immediate trade area such as Publix, McDonald’s, Wendy’s, Dunkin’, 7-Eleven, Goodwill, Ace Hardware and more
• Approximately 3,000 homes are planned across seven interconnected subdivisions and adjacent communities in southern Indian River County, creating a growing residential customer base and supporting long term retail demand (Article Link)
• A 23.5 acre development site along Oslo Rd is approved for 141 residential units, further demonstrating residential investment along the corridor (Article Link)

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Listing ID: a28TP00000468OnYAI