Roof, Structure, Foundation, and Parking Lot Replacement
Renewal Options:
Two, 5-year options then a 4 year, 11-month option
Building Sq. Ft.:
8,320 SF
Rent Increases:
10% every 5 years including options
Site Size:
0.8441 Acres
Investment Highlights
New 15 Year Lease: Brand new 15 year lease with AutoZone, featuring minimal landlord maintenance responsibilities and 10% rent increases every 5 years.
Investment Grade Credit Tenant: AutoZone is the premier auto parts retailer in the country and holds an investment grade credit rating of BBB (S&P).
Newly Renovated Building: The building was recently renovated to accommodate AutoZone, including renovations to the facade, parking lot, and interior.
Strategic Market Positioning: Lincoln Highway is the main thoroughfare through Coatesville providing easy access for local customers.
Affluent Demographic: More than 43,408 residents earning an average household income of $112,642 within 3 miles of the site.
Strong Automotive Market: The Coatesville/Lincoln Highway/Business Route 30 corridor is an established automotive hub within Chester County, featuring a concentration of dealerships, repair facilities, parts retailers and related automotive services. Chester County supports 2,780+ automobile dealership jobs across nearly 70 establishments, demonstrating the depth of the regional automotive industry.
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