AutoZone NNN Property For Sale — Marshfield, MA
2169 Ocean Street, Marshfield, MA 02050
This AutoZone investment property, located in Marshfield, Massachusetts, offers a compelling opportunity to acquire a leased fee interest. AutoZone recently demonstrated its commitment to this prime location by signing a new 15-year lease extension, which includes six 5-year options to extend. The lease structure features attractive rental increases, with a 10% bump in 2029 and 7.5% increases at the commencement of each option period, providing a steadily growing Net Operating Income and an effective hedge against inflation. This absolute NNN lease eliminates landlord responsibilities, making it an ideal, management-free investment for passive investors. The lease is backed by a corporate guarantee from AutoZone (NYSE: AZO), a global leader in auto parts retail with over 7,700 locations a…
- Address: 2169 Ocean Street, Marshfield, MA 02050
- Asking price $1.73M
- 4.25% cap rate
- NOI $73,500
- 12.3 years remaining
- NNN lease
- Year built: 2009
- Building size: 8,000 SF
- Lot size: 1.86 acres
- Lease expiration: Dec 31, 2038
- Rent increases: 10% rental increase in 2029; 7.5% rental increases at the beginning of each option period
- Guarantor: Corporate
Location
This AutoZone property is at 2169 Ocean Street in Marshfield, Massachusetts.
Asset type: Retail