Dallas, OR - AutoZone

Description:

• Recently signed a brand new 20-year lease with 4 (5-year) option periods to extend, demonstrating their long term commitment to the site
• AutoZone Parts Inc. (S&P: BBB) corporate signed lease
• Features 5% rental increases every 5 years throughout the initial term and at the beginning of each option, increasing NOI and hedging against inflation
• The property features brand new construction, with with modern design and state-of-the-art amenities

• Located along Main Street, which serves as a major retail thoroughfare for Dallas, OR and averages 8,600 vehicles passing by daily
• Situated just south of OR-223, an east/west traveling highway connecting to Salem and averaging 17,100 VPD
• Positioned less than a mile south of Mill Valley Square, a 98,000 square foot shopping center anchored by Safeway and more
• Ideally situated in a dense retail corridor, with numerous nearby nation/credit tenants including a Walmart Supercenter, Grocery Outlet, Anytime Fitness, Dollar Tree, and many more
• Strong tenant synergy promotes crossover shopping to the subject property

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Listing ID: a28TP000002SQMbYAO