March 16, 2023 – Bob Horvath, Todd Tremblay and Kyle Danielson of Horvath & Tremblay have successfully completed the sale of AutoZone in Georgetown, Kentucky. Horvath & Tremblay represented the seller and procured the buyer in the transaction at a sale price of $1,267,000.
AutoZone is located at 812 S Broadway Street in Georgetown, Kentucky. The Property consists of a 6,740 square foot building on a 1.026-acre parcel of land. AutoZone constructed their building in 2006 and has 3+ years remaining on their 20-year Absolute NNN ground lease followed by four, 5-year renewal options. The lease features 10% rental increases at the start of each option period. AutoZone is extremely well-located along S Broadway Street (US Highway 25), the area’s primary commercial corridor. The Property enjoys outstanding visibility and frontage as well as two points of access. The Property is less than 1-mile from US Highway 460, the Georgetown Community Hospital, and several area schools. AutoZone is also surrounded by national retailers that drive traffic to the area as well as densely populated residential neighborhoods providing a built-in 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 and expertise in the marketplace for private investors, developers, institutions, and industry professionals.