AutoZone NNN Property For Sale — Compton, CA
2610 N. Wilmington Avenue, Compton, CA 90222
This investment opportunity features a fee simple interest in a corporate single-tenant, triple-net leased AutoZone property. The lease is an absolute NNN structure, offering no landlord responsibilities. The property benefits from its strategic location in a high-traffic corridor, evidenced by over 40,000 cars per day at the signalized intersection of Wilmington and El Segundo. AutoZone has a strong operating history at this location, having extended their lease for an additional 10 years in May 2015. The site is co-tenanted by a new 7-Eleven and Buffalo Express (a Fatburger subsidiary), further enhancing the retail synergy. Positioned on the hard southeast corner of N. Wilmington Ave. and El Segundo Blvd. in South Los Angeles, the property is in a densely populated area and is situated…
- Address: 2610 N. Wilmington Avenue, Compton, CA 90222
- Asking price $2.57M
- 4.75% cap rate
- NOI $121,920
- 8 years remaining
- NNN lease
- Year built: 1997
- Building size: 6,000 SF
- Lot size: 0.24 acres
- Lease expiration: May 31, 2025
- Rent increases: 12% increase for Option 1 (June 2025 - May 2030), rent increases to $136,550 annually; 12% increase for Option 2 (June 2030 - May 2035), rent increases to $152,936 annually
- Guarantor: Corporate
Location
This AutoZone property is at 2610 N. Wilmington Avenue in Compton, California.
Asset type: Retail