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AutoZone

$1,236,436

2450 Mount Pleasant Road, Hernando, MS 38632

Pending
Last Updated: 11/05/2024

5.5

Cap Rate

68,004

NOI

Details:
Cap Rate:    5.5%
NOI:    $68,004
Building Size:    5,400 sqft
Lot Area:    17,600 sqft
Lease Type:    Double Net
Year Built:    2003
Highlights:
  • Corporate AutoZone with just under 16 years remaining on the lease term and 1.5% annual increases in years 26-37.
  • AutoZone operates 6,400+ locations in 50 states, with Revenues of $17.5 Billion. AutoZone has an S&P Rating of BBB.
  • This property is located near I-55 where traffic counts average 50,000 vehicles per day and East Commerce Street with average traffic counts of 25,763 vehicles per day. Nearby retailers include Kroger, Starbucks, McDonald’s, Wendy’s, Sherwin Williams, Walmart, Caliber Collision, and much more
  • Average household income of $128,966 and population of 26,108 within a 5-mile radius.
  • This property is located in Hernando, Mississippi, the county seat of DeSoto County and a suburb of Memphis, Tennessee. Hernando is ranked among the Top 10 Best Suburbs to Raise a Family in Mississippi and the #2 Place with the Best Schools in the Memphis area, according to Niche.
Description:

AutoZone is located in Hernando, Mississippi, the county seat of DeSoto County. Hernando is a suburb of Memphis, Tennessee and is located approximately 26 miles south. This property is located along Mount Pleasant Road near East Commerce Street where traffic counts average 23,000 vehicles per day, while traffic counts on I-55 average 50,000 vehicles per day. Nearby tenants include Kroger, Sherwin Williams, Starbucks, Walmart, Wendy’s, Goodwill, McDonalds, Walgreens, and much more.

Hernando is ranked among the Top 10 Best Suburbs to Raise A Family in Mississippi and the #2 Place With the Best Schools in the Memphis area, according to Niche.

Map:
Documents:
Title
AutoZone_-_Hernando__MS_MP_-_R.pdf
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Location
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