For Sale
$995,000

19046 Main StHuntingdon, TN 38344

Huntingdon, TN AutoZone - 6.15% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a freestanding, 8,160-square-foot AutoZone retail building situated on a 0.85-acre lot in Huntingdon, Tennessee. The property boasts a new 10-year net lease (NNN) with AutoZone, a financially strong corporate tenant, providing significant long-term stability. The lease includes six, 5-year options to extend, ensuring consistent income for years to come. Rent is $61,200 annually, with a 7% rent increase every five years during the option periods, offering built-in growth potential. The property underwent renovations in 2024, including a new roof, with all other site maintenance responsibilities falling under the tenant's purview, creating a truly "management-free" investment. Located in Carroll County, at 19046 W Main St, zip code 38344, this prime retail location benefits from high visibility and adjacency to a Walmart Supercenter, further enhancing its appeal. The property's strategic location within AutoZone's headquarters state, coupled with Tennessee's income tax-free status and rapid growth, makes this a compelling investment in a thriving market. Built in 2002, this asset is offered well below replacement cost, presenting a rare opportunity for significant return on investment. The property is situated in a strong retail corridor with other national tenants including Taco Bell, Murphy USA, McDonald's, Hucks, Dollar Tree, and Verizon. This is a turnkey, low-maintenance investment with a strong tenant and attractive financial metrics, offering a 6.15% cap rate.

Highlights

  • $995,000 asking price for this 8,160 SF AutoZone retail property.
  • New 10-year NNN corporate lease with six 5-year options; 7% rent bumps every 5 years.
  • Recently renovated; new roof and other site improvements completed in 2024.
  • Tenant responsible for all property expenses except roof and structure, offering a management-free investment.
  • Prime location in Huntingdon, TN, adjacent to Walmart Supercenter, in the main retail corridor.
  • Located in AutoZone's home state of Tennessee, an income tax-free state experiencing rapid growth.

Property Details for 19046 Main St

Property type
Retail properties, Freestanding property
Square Feet
8,160 SF
Year Built/Renovated
2002/2024
Lot Size (sq. ft)
37,026 SF

Location Insight

City
Huntingdon
County
Carroll
State
Tennessee
Latitude
35.9956915
Longitude
-88.4354286
19046 Main St, Huntingdon, Tennessee

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19046 Main St
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