•	11+ years remaining on this corporate guaranteed ground lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
•	The lease features a 10% rental increases at the beginning of each option period, growing NOI and hedging against inflation
•	AutoZone is the leading retailer and a leading distributor of automotive replacement parts and accessories with more than 6,000 locations in the United States, Puerto Rico, Mexico, and Brazil
•	Tenant is currently paying below market rent
•	Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
•	Landlord benefits from leased fee interest (land ownership)
•	No landlord responsibilities
•	Ideal, management-free investment for a passive investor

Offering Memorandum

•	AutoZone is strategically fronting Monocacy Blvd averaging 13,400 vehicles passing by daily
•	The asset is located 1 mile from Catoctin Mountain Hwy (84,000 VPD)
•	The dense retail corridor is supported by several national/credit tenants such as CVS, Chick-fil-A, Burger King, McDonald’s, Buffalo Wild Wings, and more
•	The subject property is across the street from a 500,000+ SF Lowe’s, and Marshall’s anchored shopping center as well as a 500,000+ SF Walmart and At Home anchored shopping center
•	Strong tenant synergy promotes crossover store exposure to the site
•	Bainbridge Market Commons is currently under construction and will feature 344 apartment units, 105 townhomes, and 15,100 SF of available retail space
•	More than 119,000 residents and 72,000 employees support the trade area
•	$122,800 average household income

Frederick, MD - AutoZone (SOLD)

Frederick, MD - AutoZone

<p>Lana Caravello joined SRS&#39; Washington D.C. office in 2020 as a transaction coordinator. Lana has more than 15 years experience in real estate, property and transactional management, customer acquisition, IT, and marketing. Most recently with Calkain, Lana provided transactional support for a team of top producing investment sales brokers and agents. She worked directly with senior producers and assisted with transactional management working to move acquisition and disposition transactions through to closing. </p><p>Lana is a graduate of the University of Central Florida.</p>

Lana Caravello

Sr Operations Transaction Analyst

Retail

Industrial

Net Lease Investments

National Multi-Tenant Advisory

1031 Exchange

Sale Leaseback

Debt & Equity

Franchise M&A

Advisory

Capital Markets

Land

Office

Multifamily

Hospitality

Special Purpose

For Sale Or Lease

Investment Sale

Properties

By Name

By Location

By Service

By Team

People

National Net Lease

SRS Industrial

Team

Locations

People & Locations

Search

Primary Navigation

Demographics	1 Mile	3 Mile	5 Mile
Population		46722	119282
Average Household Income	146257	127032	122800

Sold

Frederick, MD - AutoZone (SOLD)

Description

Location

Demographics

Traffic Counts

Contact

Philip Wellde

Andrew Fallon