AutoZone | 6900 Leetsdale Dr
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AutoZone 6900 Leetsdale Dr
6,000 SF Retail Building Denver, CO 80224 £1,298,867 (£216/SF) 4.75% Net Initial Yield
Investment Highlights
- Attractive NNN Ground Lease with Renewal Options
- Irreplaceable Real Estate Fundamentals in an infill location
- Strong Credit Backed Tenancy
Executive Summary
CBRE National Retail Partners - Mountain is pleased to exclusively offer a single-tenant AutoZone located in Denver, Colorado (the “Offering”). The Offering is inclusive of an absolute triple-net ground lease with nine years remaining on the lease term plus three 5-year automatic renewal options. The lease is corporately secured by AutoZone Parts Inc.
The Offering features a 6,000-square foot freestanding retail facility built exclusively for AutoZone in 2018. Positioned along Leetsdale Drive, a main thoroughfare in the central Denver trade area, AutoZone has direct connectivity to Downtown Denver, Cherry Creek, Glendale, Aurora and surrounding high density neighborhoods. Ideally positioned in a high barrier to entry location at the hard corner signalized intersection at Leetsdale Drive and South Oneida Street, AutoZone benefits from premier visibility and traffic volumes of over 39,000 vehicles per day.
AutoZone is one of the top auto parts chains in the U.S. Opening in 1979 in Arkansas as Auto Shack by J.R. “Pitt” Hyde III, AutoZone has grown to over 7,000 locations in the U.S. and internationally.
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AutoZone is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
The Offering features a 6,000-square foot freestanding retail facility built exclusively for AutoZone in 2018. Positioned along Leetsdale Drive, a main thoroughfare in the central Denver trade area, AutoZone has direct connectivity to Downtown Denver, Cherry Creek, Glendale, Aurora and surrounding high density neighborhoods. Ideally positioned in a high barrier to entry location at the hard corner signalized intersection at Leetsdale Drive and South Oneida Street, AutoZone benefits from premier visibility and traffic volumes of over 39,000 vehicles per day.
AutoZone is one of the top auto parts chains in the U.S. Opening in 1979 in Arkansas as Auto Shack by J.R. “Pitt” Hyde III, AutoZone has grown to over 7,000 locations in the U.S. and internationally.
???????
AutoZone is being offered free and clear of existing debt on an “As-Is/Where Is” basis.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
6,000 SF
Building Class
B
Year Built
2018
Price
£1,298,867
Price Per SF
£216
Net Initial Yield
4.75%
NOI
£61,696
Tenancy
Single
Number of Floors
1
Building FAR
0.31
Lot Size
0.44 AC
Zoning
B-2
Walk Score ®
Very Walkable (83)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 6174-00-187 | Improvements Assessment | £29,537 |
| Land Assessment | £119,809 | Total Assessment | £149,346 |
PROPERTY TAXES
Parcel Number
6174-00-187
Land Assessment
£119,809
Improvements Assessment
£29,537
Total Assessment
£149,346
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AutoZone | 6900 Leetsdale Dr
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