Marshfield, MA - AutoZone

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, AutoZone investment property located in Marshfield, Massachusetts. The tenant, AutoZone, recently signed a new 15-year lease extension with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rental increase in 2029 and 7.5% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The lease is guaranteed by AutoZone corporate (NYSE: AZO), one of the world’s largest auto parts retailers with over 7,700 Locations across the U.S., Mexico, and Brazil.

The Ruby Tuesday is located near the signalized, hard corner intersection of Main Street and Ocean Street which combine to average more than 30,800 vehicles passing by daily. Ocean Street is the major retail thoroughfare serving the city of Marshfield. Marshfield is an affluent coastal community within the Boston MSA, approximately 30 miles southeast of Downtown Boston and 41 miles northwest of Cape Cod. The subject property is located less than 1 mile from Marshfield Square, a Star Market anchored center with other national/credit tenants including Marshalls, HomeGoods, Verizon, Bank of America, and more. Located in the center of Marshfield’s primary retail corridor with other national/credit tenants such as Wendy’s, Starbucks, CVS, Dollar Tree, and Dunkin’, and 7-Eleven. The immediate trade area is supported by a population of over 49,300 residents and 16,600 employees with an affluent average household income of $192,897.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002N0XdYAK