INVESTMENT OFFERING
SAB Capital is pleased to present AutoZone in Midland, TX. This prime West Texas location features a brand-new, triple-net (NNN) ground lease structure, corporately guaranteed by AutoZone Corporation, a leading automotive retailer with over 6,100 stores nationwide. Construction on the state-of-the-art, built-to-suit structure is currently underway, incorporating AutoZone’s latest design and technological advancements.
- AutoZone in Midland, TX | West Texas Location
- Zero Landlord Responsibilities | Triple Net (NNN) Lease Structure
- Structured Hedge Against Inflation | 10% Increases Every 5 Years
- Outparcel to a Costco Anchored Development Project | Strong Lineup of National Tenants to Include: McDonald’s, Whataburger, Panda Express, Murphy USA, 7-Brew Coffee, Chase Bank | Set to become the largest Costco in Texas at 180,000 Square Feet | Costco Expected to Open by Mid-2025
- Prominent Auto Operator | AutoZone Has Around 6,355 Locations in the US
- Significant Lease Term Remaining | 20 Years Left in Base Term
- Close Proximity to Interstate Highway | On the NW Corner of TX-191 & TX-158
- National Retailers Located Nearby | Starbucks, Raising Cane’s, Chick-fil-A, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| AutoZone | $2,000,000 | 4.50% | NNN | TBD | Available |
