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Text Content

BREVITAS

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AUTOZONE | NNN LEASE


625 EAST MAIN STREET, GARDNER, KS


For Sale
Retail Free Standing




$1,881,250


PRICE




6%


CAP RATE


6,840 SQFT


BUILDING SIZE


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Last Updated: 02/21/2024
 * Overview
 * Description
 * Highlights
 * Documents
 * More Listings


Gallery
Street
Map
 * 




OVERVIEW

Cap Rate
6%

Building Size
6,840 sqft

Lot Area
0.67 acres

Lease Type
Triple Net

Year Built
2007


Offered by

Brad Cottam
823 46 0780
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HIGHLIGHTS

 * Autozone recently extended their lease early, showing a commitment to the
   site with a new 10 year term
 * City of Gardner Just Announced a $245 Million Retail/Mixed Use Development
 * Corporately-guaranteed lease by Autozone which holds a BBB+ credit rating
   (S&P)
 * Multiple options to extend the lease with increases at the start of each
 * Positioned along a growing retail corridor with multiple nationally
   recognized tenants in the immediate area
 * Rental increase in year 6 provides a strong hedge against inflation
 * Middle income demographic, which likely indicates a higher portion of retail
   sales and higher margins
 * Property is in the fastest growing submarket of the Kansas City Metro
 * Serves 67,000 residents in the immediate market and over 21,000 daytime
   employees in the immediate trade area
 * Great passive investment with zero landlord responsibilities
 * New development in the immediate area including Freddy’s, QuikTrip, and
   PriceChopper Grocery
 * Autozone is the largest auto parts retailer in the United States with over
   6,700 locations



DOCUMENTS

Title
Offering Memorandum
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* Documents permissions are set by the listing owner, request information to
access locked documents.

--------------------------------------------------------------------------------



LOCATION




GALLERY



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Offered by

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823 46 0780
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Brad Cottam
823 46 0780
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