1420 N Main St - Storefront FOR SALE


Orrville, OH 44667
$2,080,000 USD
949-506-2012
1420 N Main St, Orrville, OH for Sale
$2,080,000 USD
Storefront - FOR SALE
1/8
null | 5.25% Cap Rate

1420 N Main St
Orrville, OH 44667


OVERVIEW

• Corporately guaranteed lease by AutoZone Development, LLC | Backed by an investment-grade credit rating of BBB (S&P) • Absolute NNN lease | Zero Landlord responsibilities • Strong performing location | Site falls within the top 5% of all AutoZone locations in Ohio and #1 of 27 within a 30-mile radius, according to Placer • Early lease extension | Tenant recently extended its lease early, bringing the total remaining base term to ±9.5 years. • 10% rental increases in each option period • Excellent access and visibility from Main St | ±19,500 VPD • AutoZone is the leading retailer and distributor of automotive replacement parts & accessories with over 6,160 locations in the U.S. and an additional ±800 across Puerto Rico, Mexico, and Brazil • AutoZone is seeing tremendous growth with same-store sales up 8.4%, net income up 11.9%, and total sales up 11.1% for the fiscal year ended 8/27/22 | The company added 118 new stores in the U.S. in 2022 • Less than 1.5 miles from University of Akron-Wayne College | 1,650+ students

FOR SALE DETAILS

PRICE

$2,080,000 USD

PRICE/SF

$305 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone | 9.5 Yrs NNN | Top 5% Store in OH

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Auto Repair, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.87 AC

LAND SF

37,897 SF

ZONING

I2

APN/PARCEL ID

58-00164-002

ASK ABOUT THIS PROPERTY

Gary ChouSRS National Net LeaseMore Info
949-506-2012

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Gary ChouSRS National Net LeaseMore Info
949-506-2012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.