AutoZone NNN Property For Sale — Apopka, FL
1250 West Orange Blossom Trail, Apopka, FL 32712
This AutoZone property presents an excellent investment opportunity with 9 years remaining on an initial 15-year absolute NNN ground lease, offering attractive 10% rental escalations every 5 years and four additional 5-year renewal options. The tenant, AutoZone Stores, LLC (NYSE: AZO | S&P “BBB” Credit Rating | Moody’s Baa1 Rating), is a strong corporate entity with over 6,600 locations across the US. The asset is strategically located on a large ±1.09-acre lot with exceptional visibility and access on West Orange Blossom Trail, a primary north-south corridor with significant traffic counts. The surrounding area boasts strong demographics and a robust retail presence, including major national retailers and proximity to AdventHealth Apopka.
- Address: 1250 West Orange Blossom Trail, Apopka, FL 32712
- Asking price $1.76M
- 5.00% cap rate
- NOI $88,000
- 7.9 years remaining
- NNN lease
- Year built: 2019
- Building size: 7,011 SF
- Lot size: 1.09 acres
- Lease expiration: Jul 31, 2034
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Location
This AutoZone property is at 1250 West Orange Blossom Trail in Apopka, Florida.
Asset type: Retail