February 23, 2024 – Kyle Danielson and Jason Woods of Horvath & Tremblay have successfully completed the sale of an AutoZone in Nottingham, Maryland. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,111,111.
AutoZone is located at 8601 Belair Road in Nottingham, Maryland. The new construction AutoZone is positioned on a 0.90-acre parcel and has 19+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The Absolute NNN Ground Lease calls for an attractive 8% rent increase in years eight and sixteen of 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 new construction AutoZone is located at the signalized intersection of Neckar Avenue and Belair Road (US Route 1), the area’s primary commercial corridor. The Property benefits from outstanding visibility and frontage and is surrounded by densely populated residential neighborhoods providing a built-in customer base. AutoZone is seconds from countless national retailers that drive traffic to the area, and is close to MD Routes 43 and 147, and Interstates 95 and 695.
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.