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AutoZone 2234 Prairie Ave

7,749 SF Retail Building Beloit, WI 53511 £689,304 (£89/SF) 6% Net Initial Yield

Investment Highlights

  • AutoZone has successfully operated at this location since 1998, and in 2023 the tenant extended the lease early for an additional 10 years with rental
  • The subject property is surrounded by national tenants including Walmart, Starbucks, Culver’s, Buffalo Wild Wings, Piggly Wiggly, Walgreens, and Cric
  • AutoZone’s Net Sales have grown by an astounding 37% since 2019, closing 2022 at $16.25 Billion
  • Most new AutoZones have rents between $60,000 and $80,000 while the older fee simple deals have rents $100,000.
  • A new development will soon break ground on a $405 million casino in the fall.

Executive Summary

Broker of Record
Matt Fitzgerald
License No. 51983-90 (WI)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,749 SF
Building Class
C
Year Built
1976
Price
£689,304
Price Per SF
£89
Net Initial Yield
6%
NOI
£41,358
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
1.03 AC
Zoning
C1
Parking
30 Spaces (3.87 Spaces per 1,000 SF Leased)

Links

1 of 1

Nearby Major Retailers

Educators Credit Union
Anytime Fitness
Piggly Wiggly
Planet Fitness

PROPERTY TAXES

Parcel Number 124-20655 Improvements Assessment £496,142
Land Assessment £98,461 Total Assessment £594,603

PROPERTY TAXES

Parcel Number
124-20655
Land Assessment
£98,461
Improvements Assessment
£496,142
Total Assessment
£594,603
(612) 605-8183

Contacts

  • Listing ID: 33223349

  • Date on Market: 18/09/2024

  • Last Updated:

  • Address: 2234 Prairie Ave, Beloit, WI 53511

The Retail Property at 2234 Prairie Ave, Beloit, WI 53511 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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© 2024 CoStar Group

AutoZone | 2234 Prairie Ave
(612) 605-8183 x

AutoZone | 2234 Prairie Ave

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Joe Polak

(612) 605-8183

(612) 605-8183

Conrad Sarreal

(214) 692-2847

(214) 692-2847

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