Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1974
Building Area Net
Land Area Net ()

Asset Description

Jones Lang LaSalle (“JLL”) Capital Markets, Net Lease is pleased to exclusively offer a premier net lease opportunity to acquire a single tenant AutoZone (the “Property”) located in Orlando, Florida, in the Orlando MSA – the 3rd fastest growing metro area in the United States over the last decade. The Property is located just south of Downtown Orlando in Southgate Shopping Center on the newly constructed Holden Avenue, which provides a direct connection to The Mall at Millenia and I-4 (183,500 VPD). This AutoZone is a rare “Mega Hub” store, which serves as both a retail store and a distribution facility for other AutoZones in the area along with third party automotive dealers and repair shops.

Investment Highlights

Ultra-Rare Mega Hub Distribution Store Located Near I-4 (183,500 VPD)

Low Rent PSF of $5.87 And Increases of 7.0% and 4.7% in Contractual Term

Preferred Corporate Tenant with Investment-Grade Credit (S&P: Bbb; Moody’s: Baa1)

35-Year Tenure at this Location Including Multiple Renewals and Expansions

Top-Performing Store with 2020 Sales Representing 34% Growth Since 2018

Incoming Monumental Road Extension Connecting to Millenia Retail Area

In-Fill, High-Density Location with 125,000 Residents within 3 Miles

Centrally Located Near Orlando’s Dominant Areas of Commerce

Last Updated Date: 10 Nov 2021

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Last Updated Date: 10 Nov 2021

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