The Boulder Group is pleased to exclusively market for sale a single tenant AutoZone property located within the Chicago MSA. The property is strategically positioned along a primary north-south thoroughfare amongst many national retailers. The AutoZone lease has over eleven years remaining and expires in November 2026. The absolute triple net lease features 10% rental escalations in each of the four 5-year renewal option periods. AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories in the U.S. The company is publicly traded on the New York Stock Exchange (AZO) and is investment grade rated (S&P: BBB).
The 7,360 square foot AutoZone is strategically located along Douglas Road just north of its intersection with US Route 30. Douglas Road is a primary north-south thoroughfare in the area which experiences traffic counts in excess of 22,000 vehicles per day. The surrounding area is densely populated with approximately 110,000 people living within a three mile radius of the property. Additionally, there are over 240,000 people living within a five mile radius earning average annual household incomes of approximately $85,000. The immediate area features numerous retailers including Jewel-Osco, Walgreens, Fifth-Third Bank, BMO Harris Bank, Goodrich Kendall 10 Theater, McDonald’s and Associated Bank. Further contributing to the strength of the area is its proximity to the Caterpillar manufacturing plant which employs over 2,500 people.