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AutoZone 19046 Main St W

8,160 SF Retail Building Huntingdon, TN 38344 £779,383 (£96/SF) 6.15% Net Initial Yield

Investment Highlights

  • New 10-year NNN lease with six, 5-year options to extend
  • Other than roof and structure, all obligations at the site are the responsibility of the tenant, making this a “management free” investment
  • In AutoZone’s “backyard” which is headquartered in Tennessee
  • A new roof was recently installed in addition to other site level improvements
  • Located directly adjacent to the Walmart Supercenter, the site is located in the main retail corridor of Huntingdon, TN
  • With a rent of $61,200 on a new 10-year lease, the asset is well positioned for long-term ownership

Executive Summary

A new low-rent, 10-year lease AutoZone with six, 5-year options to extend the lease term. Subject property features ideal frontage on Veterans Drive and Main St. Surrounding retailers include Walmart Supercenter, Taco Bell, Murphy USA, McDonald’s, Hucks, Dollar Tree, Verizon and others.

Attachments

AutoZone_HuntingdonTN

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,160 SF
Building Class
B
Year Built/Renovated
2002/2024
Price
£779,383
Price Per SF
£96
Net Initial Yield
6.15%
NOI
£47,938
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
0.85 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
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Nearby Major Retailers

FirstBank
Regions Bank

PROPERTY TAXES

Parcel Number 073-040.00 Improvements Assessment £68,304
Land Assessment £10,026 Total Assessment £78,330

PROPERTY TAXES

Parcel Number
073-040.00
Land Assessment
£10,026
Improvements Assessment
£68,304
Total Assessment
£78,330
(415) 274-7391

Contacts

  • Listing ID: 33088109

  • Date on Market: 06/09/2024

  • Last Updated:

  • Address: 19046 Main St W, Huntingdon, TN 38344

The Retail Property at 19046 Main St W, Huntingdon, TN 38344 is currently available for sale. Contact CP Partners CRE for more information.

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© 2024 CoStar Group

AutoZone | 19046 Main St W
(415) 274-7391 x

AutoZone | 19046 Main St W

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Ryan Schulten

(415) 274-7391

(415) 274-7391

John Andreini

(650) 678-7200

(650) 678-7200

Kirby Dederian

(415) 274-2700

(415) 274-2700

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