5-MILE TRADE AREA
- Population 92,558
- Daytime Population 46,634
- Median Age 34
- Households 35,032
- Status AVAILABLE
- Price $ 1,864,000.00
- CAP Rate 5.00%
- Building Size 7,187 SF
- Land Area 1.380 acres
New 15 Yr Lease With No Landlord Obligations
This AutoZone is a new 15 year lease featuring four 5-year options to renew, with tenant having full maintenance responsibility of the premises and all improvements, including roof and structure.
The lease is corporately guaranteed by AutoZone, Inc. (NYSE: AZO), with over 6,000 stores, a market cap of $18.02B and 26.44M shares outstanding.
Significant Rent Increases
This lease features 10% rent increases in years 6 and 11, as well as 10% increases in each of the four option periods.
Investor Tax Advantage
This AutoZone offers investors the tax advantages of depreciation through a building lease at ground lease rental rates.
Steady Population Growth
Just 12 minutes from downtown Columbus, the population within 3 miles of this location has increased an average of 6.5% annually since 2000.
Located at the intersection of US-33 and Gender Road, the property features excellent frontage on Gender Road, where traffic counts average 35,000 ADT.
Prime Retail Location
As an outparcel to Waterloo Crossing Shopping Center, a 342,772 square foot retail center anchored by Walmart Supercenter, this AutoZone is ideally situated in the highly sought after Gender Road commercial corridor, which is one of the fastest growing areas of central Ohio. Located just south of AutoZone on Gender Road is the headquarters of Brewdog USA. The Scottish craft beer company chose the 42 acre site as the epicenter of their US business and houses a state of the art brewhouse and taproom. Coming soon to the Gender Road corridor is the new 28-acre Crossroads Church campus.
Within 5 miles of the property, the estimated population is 92,558 and the average household income is $75,001.
Highly Trafficked Location
SR 33 - 50,000 ADT
Gender Road - 35,000 ADT
Winchester Blvd. - 11,000 ADT
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