AutoZone Triple Net Lease Investment Offering- Metairie, LA
Metairie, LA
Property Details
4630 Veterans Blvd, Metairie, LA 70006
- Transaction Type For Sale
- Property Type Investment
- Price $4,850,000
- Cap Rate 6.13%
- Lot Size 38,612 SF (0.886 acres)
- Building Size 14,165 SF
- Parking 54 Spaces
Single Tenant triple-net Lease Investment Offering
Occupied by AutoZone
10 Year Lease Term with 4 (5-Year) Option
This specific location is in Metairie, Louisiana, which is a strategically positioned suburb just six miles northwest of downtown New Orleans. The investment is backed by an exceptionally strong corporation guarantee. AutoZone is the largest auto parts retailer in the U.S. and carries an investment-grade credit rating of 'BBB' from S&P. AutoZone demonstrates exceptional financial strength with a massive market capitalization of approximately $67.42 billion and fiscal year 2024 revenues exceeding $18.5 billion.
• Strong National/Investment Grade Tenant
• Ease of Management - Single Tenant Triple Net Lease
• Growing Income Stream with Rental Increases
• Long Term Lease - 10 Year Primary Term with 4 (5-Year) Lease Options
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