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AutoZone Pinellas Park
Marcus & Millichap is pleased to offer a unique AutoZone ground lease, located at 4590 Park Boulevard North, in Pinellas Park (Tampa). The property lies in the heart of a major commercial artery, with Publix across the street, a Home Depot anchored power center two blocks away, and surrounded by too many national retailers and restaurants to enumerate. With access to the corner and turn-in lanes in every direction, the Property offers convenient left-in-left-out access for the 56,000+ cars that pass daily. Newly constructed, the AutoZone boasts beautiful curb appeal, no deferred maintenance, a class A credit tenant, and a zero management, 20 year, NNN ground lease. What is particularly unique about this asset is the rent - $8.12 per square foot, which is about as low as you'll find in any STNL in Florida. The IHOP across the street (also for sale by the same seller), is paying $26 per square foot; the Take 5 ground lease one block away is on a lot 1/3 the size, with a building 1/4 the size, and is paying the same as this AutoZone; the Popeyes 1.5 miles down Park is paying $110,000, for a 2,000 square foot building on the same size lot; the Buffalo Wild Wings a few blocks east is paying $16 per square foot, for a larger building. The incredibly low rent and extremely rare 20-year lease, allows an investor to get into an incredibly secure investment with an unparalleled low basis, and a tenant you almost wish would leave so you can double the rent!
Month | Payment | Principal | Interest | Total Interest | Balance |
---|---|---|---|---|---|
$0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.
Total Population | 12,107 | 116,384 | 296,946 | |
Population Median Age | 42 | 42 | 43 | |
Population by Age | 0-9 Yrs | 1429 (11%) | 12570 (10%) | 28990 (9%) |
10-19 Yrs | 1104 (9%) | 11588 (9%) | 26889 (9%) | |
20-29 Yrs | 1516 (12%) | 14543 (12%) | 38574 (12%) | |
30-39 Yrs | 1468 (12%) | 14824 (12%) | 40312 (13%) | |
40-49 Yrs | 1773 (14%) | 14747 (12%) | 36946 (12%) | |
50-59 Yrs | 1756 (14%) | 16850 (14%) | 43524 (14%) | |
60-69 Yrs | 1555 (12%) | 15706 (13%) | 41181 (13%) | |
70+ Yrs | 1507 (12%) | 15555 (13%) | 40529 (13%) | |
Median HH Income | $41,496 | $47,009 | $53,872 | |
Total Household Income | < 24K | 1497 (31%) | 10983 (24%) | 25198 (20%) |
25-49K | 1184 (24%) | 12713 (28%) | 31471 (25%) | |
50-74K | 787 (16%) | 8258 (18%) | 23161 (19%) | |
75-99K | 617 (12%) | 5353 (11%) | 15294 (12%) | |
100-199K | 632 (13%) | 6827 (15%) | 21414 (17%) | |
200K+ | 58 (1%) | 866 (1%) | 5024 (4%) | |
Highest Education Level | No Diploma | 1644 | 12052 | 24336 |
Diploma or GED | 2979 | 29564 | 66785 | |
Some College | 1769 | 17888 | 46263 | |
Assoc. Degree | 824 | 8376 | 22135 | |
Bachelors Degree | 1231 | 12903 | 43762 | |
Higher Degree | 555 | 5585 | 21715 | |
Total Housing Units | 5,599 | 52,621 | 145,874 | |
--Owner-Occupied | 3,014 | 31,099 | 80,441 | |
--Renter-Occupied | 1,760 | 13,900 | 41,120 | |
Owner-Occupied Values | < 100K | 939 | 9736 | 21004 |
100-199K | 1396 | 13173 | 28750 | |
200-299K | 443 | 5832 | 17223 | |
300-399K | 87 | 1271 | 6329 | |
400-499K | 40 | 426 | 2636 | |
500K+ | 110 | 662 | 4500 | |
Total Working Age Population | 10,015 | 96,619 | 251,064 | |
In Work Force | 5,739 | 58,838 | 155,853 | |
Not In Work Force | 4,276 | 37,781 | 95,211 | |
Workforce Employed | 5,432 | 55,706 | 147,691 | |
Workforce Unemployed | 276 | 2,913 | 7,323 | |
Civlian Workforce | 5,708 | 58,618 | 155,014 | |
Military Workforce | 31 | 219 | 839 | |
Total Households | 4,774 | 44,999 | 121,562 | |
Family Households | 2,692 | 26,334 | 67,332 | |
Non-Family Households | 2,082 | 18,665 | 54,230 | |
Married Couple | 1,979 | 17,484 | 47,570 | |
Other Family | 712 | 8,850 | 19,762 | |
Married w/Child | 734 | 5,788 | 14,681 | |
Single Male w/Child | 115 | 1,331 | 2,758 | |
Single Female w/Child | 174 | 2,561 | 6,191 |
Population Change Last Two Decades - Plus Projection
2000 | % | 2010 | % | 2020 | % | 2030 | |
---|---|---|---|---|---|---|---|
Florida | 15,982,378 | +18 | 18,801,310 | +14 | 21,517,610 | +13 | 24,340,457 |
Hillsborough County | 998,948 | +23 | 1,229,226 | +19 | 1,466,803 | +16 | 1,708,550 |
Pinellas County | 921,482 | -1 | 916,542 | +7 | 983,883 | +5 | 1,034,290 |