Parrish, FL - AutoZone

Description:

• Brand new 15-year lease with four (4) additional five-year renewal options
• Lease includes 10% rental increases every five years, driving NOI growth and providing a built-in hedge against inflation
• Guaranteed by AutoZone, Inc. (NYSE: AZO), one of the nation’s largest auto parts retailers with more than 7,650 locations and investment-grade credit (S&P: BBB)

• Located near signalized, hard corner intersection of US-301 and Fort Hamer Rd averaging a combined 57,400 VPD
• AutoZone is part of a larger 13.4-acre mixed-use development that features Wawa, Wendy’s, Suncoast Credit Union, a car wash, and a self storage facility
• Located at a major intersection in Parrish, connecting Fort Hamer Road/Bridge to the south and Lakewood Ranch
• The surrounding residential developments such as North River Ranch
(5,000-homes), Seaire (600-acre master-planned community), Nexxus
(10,000-housing units), and more will provide a steady, consistent consumer base from which to draw
• The 7-Eleven directly across the street ranks in the 99th percentile (8 out of 8,400) out of all nationwide locations via Placer.ai

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