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
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.