AutoZone

THE ASSET

• Corporate Guarantee by AutoZone (NYSE: AZO)
• Absolute NNN Lease
• 2017 construction
• 15-year lease with eight years of term remaining
• Beer World and Family Dollar located adjacent to the subject property (NIC)
• 10% Rent Escalations starting in 2nd option
• AutoZone has Four 5-Year options remaining
• E-commerce and market resilient tenant

THE FUNDAMENTALS

• High barriers to entry in the submarket
• High Traffic Counts – 13,397 ADT
• Average Household incomes at $155,100 in 5-Mile radius
• Over 80,000 people in a 5-Mile radius
• Neighboring e-commerce resistant tenants