AutoZone Auto Parts | Minneapolis 2610 E Lake St Local commercial 1 011 m² 100 % Loué À vendre Minneapolis, MN 55406 3 033 642 € (2 999,62 €/m²) Taux de capitalisation 6 %

CBRE is pleased to present qualified investors the opportunity to acquire the AutoZone located in Minneapolis, MN. This single story 10,886 square foot build-to-suit facility was constructed in 2021 and is located on a .75-acre urban infill site. AutoZone has occupied this signalized corner since 2011. In 2021 they rebuilt the building and committed to a long term 15-year lease. AutoZone, Inc. is the leading retailer and distributor of automotive replacement parts and accessories in the United States. The company operates a network of over 7,000 stores across the U.S., Mexico, Puerto Rico, Brazil, and other international markets. AutoZone primarily serves DIY (do-it-yourself) customers, commercial businesses (mechanics and repair shops), and professional installers through its commercial sales program. In 2024, AutoZone reported revenues of $18.49 Billion which represented a growth of 5.92% compared to 2023. The company is publicly traded (AZO) and currently has an investment grade credit rating of BBB (S&P).

Minneapolis-St. Paul, collectively referred to as the Twin Cities, is the nation’s 16th largest MSA with approximately 3.6 million residents in a 13-county area. It ranks #1 in fortune 500 companies per million people. The stability and growth of large corporate employers has been complemented by a dynamic small business sector. Over 500,000 people live within a 5-mile radius of the AutoZone site. The location is shadow anchored by major big box retail traffic drivers like Target, Cub Foods and Aldi.

With 11 years of lease term remaining, the Minneapolis AutoZone provides steady in-place income with significant 10% rent increases every five years. This income stream is guaranteed by an investment grade credit tenant adding further stability to future cashflow. AutoZone has demonstrated their commitment to this location by rebuilding the facility in 2021 and executing a long term 15-year lease. This site is strategically positioned to meet the increasing demand for Auto Parts in a densely populated trade area.