January 24, 2023 – Todd Tremblay, Bob Horvath, Jason Woods, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of AutoZone in Columbiana, Ohio. Horvath & Tremblay exclusively represented the seller and procured the buyer in the transaction at a sale price of $1,150,000.

AutoZone is located at 1102 Village Plaza in Columbiana, Ohio. The Property consists of a 6,818 square foot building on a 0.82-acre parcel of land. AutoZone constructed their building in 2018 and has 10+ years remaining on their 15-year Absolute NNN ground lease followed by three, 5-year renewal options. The lease features 10% rental increases at the start of each option period. AutoZone is located as an outparcel to the Village Plaza, a Sparkle Supermarket anchored shopping center at the signalized intersection of South Avenue and County Line Road, the area’s primary commercial corridor. AutoZone also benefits from visibility and access from Columbiana Canfield Road. The Village Plaza is also home to Family Dollar, Burger King, and Taco Bell, making it the premier shopping destination in Columbiana.

Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.