Tenant Description
AutoZone, Inc. is based out of Memphis, TN and is the largest American retailer of aftermarket automotive parts and accessories. For over 40 Years AutoZone has been committed to providing the best auto parts, prices, and customer service in the automotive aftermarket industry. The company operates over 5,000 stores in the United States, Mexico and Brazil, and also distributes auto parts online through various websites. AutoZone DOES NOT provide automotive repairs or installations.
What We Like About AutoZone
Strong Corporate Guarantee, Rental Increases in Primary Term, Brand Recognition, Investment Grade Tenant
What To Look For When Buying An AutoZone
Is the lease NNN or NN? You must understand if landlord does have responsibilities such as roof and structure.
Competition
What Is Sold In An AutoZone
Interior & Exterior Auto Part Accessories, Tools & Equipment, Fluid & Chemicals
If AutoZone Vacates, How Do I Re-Tenant The Building?
Dollar Stores such as Dollar General, Family Dollar, and Dollar Tree often backfill old vacant auto parts buildings. Medical uses such as Davita Dialysis and Fresenius have also taken over this footprint. Like any investment in the triple net sector, you must do your research on how strong the intrinsics of the real estate are. Not all AutoZone’s will be located in dense retail corridors.
AutoZone Website
Corporate Office Location
123 S. Front St.Memphis, TN 38103
Fast Facts
Originally named Auto Shack, AutoZone opened its first store in Arkansas in 1979, selling light truck and auto parts.
AutoZone is a Fortune 500 company and the the leading auto parts retailer in the United States.
Many U.S. stores also offer a Pickup In-Store option, allowing customers to place orders for accessories and components on the website and have it delivered to an AutoZone store near them.
