Overview

Description

We Are Pleased to Present For Sale the 13,484 SF AutoZone Located at 977 Bloomfield Avenue in Clifton, NJ. This is a Hub Location That Acts as a Feeder Store to All Other AutoZone Locations in the Region. This Thriving Store Which Operates Under an Absolute Triple Net Lease, Tenant Recently Renewed Lease, Showing Commitment to Site While Providing For a Best-of-Class Investment With Income Growth of an Established Tenant in a Highly Desirable New Jersey Market.

Highlights

• ~13 Years Remaining on an Absolute Triple Net (NNN) Lease – No Landlord Responsibility
• Recently Renewed Lease – Showing Commitment to Site
• Strong 25 Year Operating History
• AutoZone, Inc. Corporate Guarantee - Investment Grade National Credit Tenant (BBB+)
• Tenant is Paying Below Market Rent
• Shadow Anchored By Home Depot
• High Barrier to Entry Market 
• This Location is a Feeder Store Which Supplies All Other AutoZone Stores in the Region
• Essential Business - E-Commerce, Recession and COVID Proof Tenant
• Just Off NJ Route 3 Which Sees Over 151,600 VPD
• Strong Demographics - Population of Over 626,309 Residents Within a 5-Mile Radius Making an Average Household Income of $102,365
• Nearby Tenants Include: Walgreens, CVS Pharmacy, Dunkin’, Sherwin Williams, Modell’s Sporting Goods, Dollar Tree, Old Navy, Petco, Trader Joe’s, Target, Kohl’s, Starbucks, Costco, Chipotle and More

Documents

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