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? Many brokers will put in the marketing package that the property is a full NNN lease, when in fact the landlord does have responsibilities such as roof and structure.


O’Reilly, Advanced Auto Parts

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.

Stock Price
Tenant News
Average Cap Rate Trend
12 Month Avg. With 10+ Years Of Lease Term Remaining (*Data Points Are Rounded Up*)
Average Sale Data & Lease Structure
Avg. Sale Price$1,800,000
Average Annual Rental Income$95,000
Average Price/SF$275
Typical Lease TypeGround Lease
Typical Lease Term15 Years
Typical Lease EscalationsNone
Credit Rating

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