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712 N 1st St

Jesup, GA 31545

$1,147,000

Freestanding For Sale  •  6,840 Sq Ft

Property Details

  • Property Type Freestanding
  • Total Building Size 6,840 Sq Ft
  • Lot Size 0.52 ac
  • Building Class C
  • Year Built 2005
  • Cap Rate 7.50 %
  • Tenancy Single
0 Transit Score
52 Walk Score

Description

We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net leased investment that is fully occupied by AutoZone with a corporate guaranty from AutoZone, Inc. (NYSE: AZO - investment grade credit) that includes 6.5 years remaining on the initial term. Positioned on N 1 St; the subject property benefits from its location on the main thoroughfare through Jesup, GA along with its close proximity to Walmart Supercenter and other traffic generators such as CVS, Taco Bell, Hardee’s, Zaxby’s and more. This is an excellent opportunity to buy an investment grade credit tenant (rated “BBB” by S&P’s) at an attractive price per square foot, with minimal landlord responsibilities, who has occupied this location for nearly 15 years and is ideally positioned in a market that fits the target customer profile for this tenant.

Highlights

AutoZone (NYSE: AZO) - Rated “BBB” by S&P’s - Investment Grade Credit Tenant
~6.5 Years Remaining - Corporate Guaranty - Long Term Occupancy History
4, 5 Year Option Periods - 12% Increases Every 5 Years
Minimal Landlord Responsibilities - Roof & Structure Only
Close Proximity to Wayne Memorial Hospital - 84 Beds & 400 Employees 4th Largest Employer in Wayne County
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
AutoZone 6,840 SF 6/30/2025
Jereme Snyder 949-724-5552 Colliers International
Jereme Snyder 949-724-5552 Colliers International