Absolute NNN Lease: Landlord has zero responsibilities making this a true passive investment
Corporate Guaranty: AutoZone is the largest American Retailer and Distributor of automotive parts and accessories with over 7,140 stores across all 50 states
Attractive Lease Fundamentals: Long term 15 year initial lease showing commitment from AutoZone, which includes both triple net (NNN) and double net (NN) leases that are corporately guaranteed
In the fiscal year ending 8/31/24, net sales were $18.5 billion, an increase of 5.7% from the previous year. Net income is $902.2 million or $51.68 per share