Property Details

AutoZone

Hagerstown, MD
Property ID: 12496

Financial Summary

Asking Price $1,400,000
Cap Rate 5.00%
Net Operating Income (NOI) $70,000
Lease Type Ground Lease
Lease Term Remaining 14 Years
Increases 10% Every 5 Years

Offering Memorandum

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Contact

Andrew Fallon
Executive Managing Director
703.787.4733

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Highlights

  • Corporate guaranteed
  • Strong investment grade tenant (S&P: BBB)
  • 10% rent increases every 5 years in the primary lease term
  • Aldi anchored shopping center outparcel
  • Dense commercial location with traffic counts of nearly 40,000 and a 5-mile population of 90,000
  • 1.5 hours from Washington, DC

Net Lease Advisor

For more information on this tenant, including averages, overview and credit ratings, visit NetLeaseAdvisor.com.

Location

595 Dual Hwy
Hagerstown, MD

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