AutoZone (Ground Lease)

West 58th Ave. & Garrison St. - Arvada (Denver) CO 80002

LTV (Loan to Value)	65.00%	Current NOI	$80,000.00
Interest Rate	4.250%	Capital Rate	5.000%
Fixed Term	10 Years	Land Area	32,000.00 Acres
Amortization	25 Years	Lease Type	Absolute NNN - Ground Lease
Loan Amount	$1,040,000.00	Property Type	Retail
Payment	$5,634.08	Property Lease	Automotive
Bulding Size	7,000 SF	Remaining Terms	15 Years

Location Description

NNN Lenders is pleased to offer for sale to qualified investors an AutoZone ground lease property situated on 32,000 square feet of land and located in Arvada, Colorado. AutoZone is operating under a fifteen (15) year absolute triple net (NNN) ground lease with 10% increases in each of the four (4), five (5) year option periods. The property is strategically located in the market of Arvada (Denver), Colorado, situated to serve the tenant’s targeted demographic, with a population of 105,696 and an average household income of $69,198 within a three (3) mile radius.The property is 100% leased to AutoZone, Inc. (NYSE: AZO) S&P: BBB/Stable). AutoZone currently operates more than 5,000 stores in the United States, including Puerto Rico; 402 in Mexico; and 5 in Brazil, and boasted revenues in excess of $9.79 billion and a net income of more than $1.10 billion.

Highlights

Long-Term Investment – This ground lease consists of a brand new fifteen (15) year term with four (4), five (5)…

Property Description

Arvada, Colorado is a beautiful first-ring suburb of Denver, the Mile High City. The city is located in Jefferson and Adams counties, a part of the Denver-Aurora-Lakewood, Colorado Metropolitan Statistical Area. The United States Census Bureau estimated the city population at 111,707 residents as of July 1, 2013, ranking Arvada as the seventh most populous municipality in Colorado.Arvada is largely a commuter town to Denver and Boulder. Three proximate interstate highways provide easy access to the larger metropolitan region and Denver International Airport. An extraordinary trail system links with Denver trails on the east and the foothills of the Rocky Mountains to the west, punctuated with thousands of acres of parks and open spaces.