This listing is under contract.

Just Listed - AutoZone in Cedar Hill, TX (Dallas MSA) | 5.41% Cap Rate - $1.755M

509 E Belt Line Rd Cedar Hill, TX 75104

509 E Belt Line Rd, Cedar Hill, TX, 75104
509 E Belt Line Rd, Cedar Hill, TX, 75104
UNDER CONTRACT NNN Property
Property Type:
Single Tenant Retail (NNN)
Last Verified:
Oct 20, 2020

  • Single-tenant AutoZone investment opportunity, offering +7 years remaining on an absolute triple-net (NNN) lease with no landlord responsibilities.
  • AutoZone extended the lease for an additional five years early in 2017, showing their commitment to this location.
  • Corporate guarantee with AutoZone, the nation’s largest auto parts retailer with more than 6,000 stores in the United States, Puerto Rico, Mexico, and Brazil. AutoZone has a S&P investment grade credit rating of BBB.
  • The Property is located in Cedar Hill, Texas, a thriving business community located approximately 16 miles southwest of downtown Dallas.
  • Strong demographics with a 2020 average household income of $92,841 in a three-mile radius and a population of ±142,636 in a five-mile radius (Source: Esri).
  • Daily traffic counts of ±27,707 (TXDOT: 2019).
  • Nearby national retailers include The Home Depot, Walmart Neighborhood Market, Aldi, Albertsons, Sprouts Farmers Market, HomeGoods, CVS, Walgreens, Chipotle Mexican Grill, Chick-fil-A, Starbucks, Wendy’s, Panda Express, and many more.
  • The Property is located ±3.5 miles from Cedar Hill State Park, one of the most visited state parks in Texas. This ±1,826 acre park is located on Joe Pool Lake, a ±7,500 acre lake attracting visitors for boating, fishing, kayaking and much more.

Additional URLs

Map of 509 E Belt Line Rd, Cedar Hill, TX, 75104

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.