• 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