AUTOZONE | CLAREMONT, NEW HAMPSHIRE

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
Four (4) - Five (5) Year
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

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