Autozone | NNN Lease

625 East Main Street, Gardner, KS

$1,881,250

Price

6%

Cap Rate

6,840 sqft

Building Size

Gallery
Street
Map
Overview
Cap Rate
6%
Building Size
6,840 sqft
Lot Area
0.67 acres
Lease Type
Triple Net
Year Built
2007
Highlights
  • Autozone recently extended their lease early, showing a commitment to the site with a new 10 year term
  • City of Gardner Just Announced a $245 Million Retail/Mixed Use Development
  • Corporately-guaranteed lease by Autozone which holds a BBB+ credit rating (S&P)
  • Multiple options to extend the lease with increases at the start of each
  • Positioned along a growing retail corridor with multiple nationally recognized tenants in the immediate area
  • Rental increase in year 6 provides a strong hedge against inflation
  • Middle income demographic, which likely indicates a higher portion of retail sales and higher margins
  • Property is in the fastest growing submarket of the Kansas City Metro
  • Serves 67,000 residents in the immediate market and over 21,000 daytime employees in the immediate trade area
  • Great passive investment with zero landlord responsibilities
  • New development in the immediate area including Freddy’s, QuikTrip, and PriceChopper Grocery
  • Autozone is the largest auto parts retailer in the United States with over 6,700 locations
Documents
Title
Offering Memorandum
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Location
Gallery