November 13, 2023 – Dennis Cravedi and Hill Kanellos of Horvath & Tremblay have successfully completed the sale of AutoZone in San Antonio, Florida. Horvath & Tremblay represented the buyer in the transaction at a sale price of $1,477,272.
AutoZone is located at 31487 McCabe Road in San Antonio, Florida. The new construction AutoZone consists of a 7,381 square foot building situated on a 1.07-acre parcel. AutoZone has a new 15-year Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease calls for attractive 8% rent increase every 5-years throughout the primary lease term and at the start of each of the renewal options providing the investor with an attractive increase in revenue and a hedge against inflation. The property is well located along McCabe Road (State Road 52), the area’s primary commercial and commuter corridor. The Property is an outparcel to Market at Mirada, a Publix anchored shopping center, is adjacent to a new construction Slim Chickens and 7-Eleven and is 2-miles from Interstate 75. The Property is also seconds from the entrance to Mirada, an under construction 6,000+ unit residential development with a 15-acre Crystal Lagoon. Additionally, the Property is close to another 5,600+ homes that have been built or are planned for development providing a captive customer base.
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