Autozone

Highlights:

• Publicly Traded Tenant – As a publicly traded company, AutoZone (NYSE: AZO) provides transparent, audited financials filed with the SEC, giving investors added confidence.
• AutoZone Has Achieved Record Sales for 35 Consecutive Years – A testament to the company’s long-term performance and category leadership
• Strong FY 2024 Financial Results – AutoZone reported $18.5 billion in net sales (up 5.7% YoY), $2.66 billion in net income (up 5.3% YoY), and a 13% increase in diluted earnings per share to $149.55. The company also repurchased $3.2 billion in stock, reflecting strong shareholder returns.
• Strong Historical Stock Performance – AutoZone has delivered steady historical stock growth, up 2,200%+ from 2010, reinforcing its long-term market strength.
• Dominant Market Presence – AutoZone leads the automotive parts sector, capturing 32.3% of customer visits, outperforming O’Reilly Auto Parts (18.3%) and Advance Auto Parts (18%). (PR Newswire 2024)
• International Retailer – AutoZone operates 7,350+ locations across the U.S., Mexico, Puerto Rico, Brazil, and the U.S. Virgin Islands.
• Hub Store Expansion Strategy – AutoZone continues to invest in its Mega Hub model, signaling long-term commitment to this store format.
• Mega Hub Location – In 2023, AutoZone relocated from their previous location less than a block away to this site to open a larger-format Mega Hub, combining a full-service retail storefront with expanded inventory capacity to serve walk-in customers, commercial accounts, and surrounding satellite stores through daily parts distribution.
• Strategic Supply Chain Role – This Mega Hub supports dozens of surrounding satellite stores, playing a critical role in AutoZone’s regional supply chain and ensuring reliable parts availability in the area.

Description:

Progressive Real Estate Partners is pleased to present the opportunity to acquire a high-performing AutoZone Mega Hub, ranked in the top 2% nationwide for foot traffic (Placer.ai) and strategically located to service both customers and 18+ satellite stores in the surrounding region. Relocated to this site in 2023, AutoZone operates a larger-format Mega Hub facility that combines a full-service retail storefront with a high-capacity supply chain function, providing daily inventory deliveries to designated satellite stores throughout the area. Backed by AutoZone, Inc. (NYSE: AZO), a Fortune 500 company with over 7,300 locations worldwide, the property features a corporate-guaranteed NNN lease with approximately 18 years of remaining term and built-in rent escalations to hedge against inflation. Positioned along Holt Avenue in Pomona, the location benefits from over 30,350 cars per day and plays a critical role in AutoZone’s ongoing Mega Hub expansion strategy, making this a compelling, passive investment opportunity with long-term income security.

Positioned along Holt Avenue in Pomona, the location benefits from over 30,350 cars per day and plays a critical role in AutoZone’s ongoing Mega Hub expansion strategy, making this a compelling, passive investment opportunity with long-term income security.

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