Brand New 15-Year Lease: Newly constructed AutoZone featuring a fresh 15-year lease with built-in 10% rent increases every 5 years, providing long-term income growth and inflation protection.
Corporate Backed Lease: Lease is backed by AutoZone, Inc. (NYSE: AZO), an S&P-rated BBB tenant, providing durable, investment-grade cash flow from a nationally recognized operator.
Absolute NNN Ground Lease: Zero landlord responsibilities; tenant handles all operating expenses including taxes, insurance, and maintenance.
Below-Replacement Cost: Property is being offered at a basis below today’s construction and replacement cost, providing immediate downside protection.
High Visibility: Positioned directly off I-75 (±92,000 VPD), benefiting from strong exposure to both regional and local traffic.
Strong Access: The site offers convenient access for eastbound and westbound traffic along Moccasin Wallow Road through a full-access point within the development.
High Growth Market: Positioned in Palmetto near the Parrish corridor, a major residential growth area fueled by large master-planned communities that are driving population growth and long-term retail demand.
Strong Retail Synergy: Located near a dense concentration of national retailers, including Publix, Taco Bell, Wendy’s, Culver’s, and Heartland Dental, demonstrating the area’s depth of retail demand.