AUTOZONE | TALLMADGE, OHIO

Purchase Price
$770,000
Location
339 West Avenue
Cap Rate
5.92%
Annual Rent
$45,600.00
Building Size
8,000 SF
Land Area
1.37 Acres
Ownership
Fee Simple
Lease Type
NN
Term Remainning
6 Years
LEASE EXPIRATION
10/31/2027
Renewal Options
Two (2) - Five (5) Year
RENT INCREASES
At Options
Parking
59 Spaces
Year Built
1974
APN
6005347, 6005348, 6005344
Traffic Counts
12,613 VPD

INVESTMENT HIGHLIGHTS

 

AUTOZONE CORPORATE LEASE:

  • 6 Years Remaining in the Current Term
  • Long Term Operating History in Excess of 30+ Years
  • Two (2) - Five (5) Year Renewal Options
 

NN LEASE:

  • AutoZone is Responsible for All Internal Maintenance, Taxes, Utilities, Insurance and Minor Repairs
  • Roof Replaced in 2015. Duro-Last Guaranteed for 15 Years Assigned to AutoZone
  • Store Canopy Apron Re-Shingled in 2021 (30 Year Warranty)
  • Parking Lot Repaved in 2005 - Crack Repair, Fill and Seal Every 5 Years
 

PROXIMITY FROM TALLMADGE:

  • Akron, Ohio | 5 Miles
  • Canton, Ohio | 27 Miles
  • Cleveland, Ohio | 38 Miles
  • Youngstown, Ohio | 45 Miles
  • Pittsburgh, Pennsylvania | 106 Miles
  • Columbus, Ohio | 130 Miles
 

TRADE AREA DEMOGRAPHICS:

  • 1-Mile = 6,261 Residents
  • 1-Mile Average Household Income = $61,707
  • 3-Mile = 76,424 Residents
  • 3-Mile Average Household Income = $63,216
  • 5-Mile = 205,953 Residents
  • 5-Mile Average Household Income = $62,965
  • 7-Mile = 346,930 Residents
  • 7-Mile Average Household Income = $65,284
 

TENANT:

  • AutoZone, Inc. (NYSE: AZO)
  • In Fiscal Year 2021, AutoZone Reached a Record $14.6 Billion in Sales (Up from $12.6 Billion in Fiscal Year 2020)
  • In Fiscal Year 2021, AutoZone Grew Domestic Same Store Sales by 13.6% (Up from 7.4% Increase in Fiscal Year 2020)
  • 6,066 Stores Located in 50 States as of November 20, 2021

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