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|Call for Offers||2022-02-09|
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.
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