AUTOZONE | CLAREMONT, NEW HAMPSHIRE



INVESTMENT SUMMARY

Purchase Price
$1,345,000

Location
113 Washington Street

Cap Rate
4.75%

Annual Rent
$63,888.00

Building Size
5,398 SF

Land Area
0.78 Acres

Ownership
Fee Simple

Lease Type
Absolute NNN Ground Lease

Term Remainning
11.5 Years

LEASE EXPIRATION
09/30/2032

Renewal Options

RENT INCREASES
10% at Options

Parking
15 Spaces

Year Built
2003

APN
CLMN M:108 L:120

Traffic Counts
20,352 VPD
INVESTMENT HIGHLIGHTS
AUTOZONE CORPORATE LEASE:
- Approximately 11.5 Years Remaining in the Current Term
- Long Term Operating History in Excess of 18+ Years
- 10% Increases at Renewal Options
- Four (4) - Five (5) Year Renewal Options
RECENT LONG TERM LEASE EXTENSION:
- In 2021, AutoZone Extended Their Lease for an Additional 10 Years Signifying Their Commitment to This Location
ABSOLUTE TRIPLE NET (NNN) GROUND LEASE:
- Absolute NNN Lease with ZERO Management Responsibilities
- Tenant Pays for ALL Operating Expenses, Insurance & Property Taxes
PROXIMITY TO OTHER MAJOR CITIES:
- Concord, New Hampshire | 51 Miles - 1 Hour: 5 Minute Drive
- Manchester, New Hampshire | 63 Miles - 1 Hour: 17 Minute Drive
- Boston, Massachusetts | 113 Miles - 2 Hour: 3 Minute Drive
- Hartford, Connecticut | 127 Miles -2 Hour: 1 Minute Drive
- Portland, Maine | 155 Miles - 2 Hour: 40 Minute Drive
- Providence, Rhode Island | 163 Miles - 2 Hour: 53 Minute Drive
TRADE AREA DEMOGRAPHICS:
- 1-Mile Population = 6,161 Residents
- 1-Mile Average Household Income = $57,887
- 3-Mile Population = 12,489 Residents
- 3-Mile Average Household Income = $66,217
- 5-Mile Population = 14,736 Residents
- 5-Mile Average Household Income = $66,946
- 7-Mile Population = 18,436 Residents
- 7-Mile Average Household Income = $70,450
TENANT:
- AutoZone, Inc. (NYSE: AZO)
- In Fiscal Year 2020, AutoZone Grew Domestic Same Store Sales by 7.4% and Reached a Record $12.6 Billion in Sales
- 5,951 Stores Located in 50 States as of February 13, 2021
- Ranked #268 on the Fortune 500 List