AutoZone Distribution Hub & Retail Store

Plain Township, OH

AutoZone Distribution Hub & Retail Store

4824 Whipple Avenue NW Plain Township | OH 44718

Offering Summary

  • Status: closed
  • Price: $3,714,000
  • CAP Rate: 4.75%
  • GLA: 22,009 SF
  • Net Operating Income: $176,400
  • Price/SF: $189
  • Year(s) Built: 1987
  • Year(s) Renovated: 2021
  • Lot Size (Acres): 1.67
  • Lease Type: Double Net
  • New AutoZone Distribution Hub & Retail Store 15-Year Lease in Canton, OH
  • Rare 22,000 SF Facility Functioning as a Distribution Center, Retail Store, and Local Delivery Hub
  • Low/Replaceable Rent of $8/SF Provides AutoZone with a Low Overall Cost of Occupancy
  • Full Corporate Guaranty from AutoZone Inc., S&P “BBB” Investment-Grade Public Company with $34 Billion Market Cap
  • Minimal Landlord Responsibilities – Tenant Responsible for Roof, HVAC, and Majority of Parking Lot Responsibilities
  • Strong Performing Automotive Retailer: $12.6 Billion in FY2020 Sales with $1.7 Billion Net Profit; 5,885 Stores in the U.S.
  • Located within Extremely Dense “Belden Village” Trade Area with 11 Million SF of Retail, Office & Industrial Space Leased to 96.5% Occupancy
  • Logistically Superior Site: Central Location in Stark County with Excellent Access to Major Arterials & Interstate Highway System
  • New Tenant/Lease of Existing Building – Building was Gut Renovated in 2021 with New Roof with 20-Year Warranty, All New HVAC Units
  • 6% Rent Increases Every 5 Years of Current Term and In Options
  • Huge Pylon Sign with Excellent Visibility from Whipple Ave (23,100 VPD) and the Belden Village St NW Intersection (39,400 VPD Combined)
  • Less Than ¼ Mile from I-77 Exit Ramps, I-77 Sees 81,700 VPD
  • Dense Demographics: 57,040 Residents within Three Miles & 164,698 Residents within Five Miles; AHHI of $80K in a Three-Mile Radius
  • Canton-Massillon MSA – Home to a Population of 400,000; Part of the Larger Cleveland-Akron-Canton CSA with a Population of Over 3.5 Million
EXCLUSIVELY LISTED BY:

Craig Fuller

Senior Managing Director