The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant net leased AutoZone property located at 2723 West Osceola Parkway in Kissimmee, Florida for $1,775,000.
The 6,800 square foot AutoZone benefits from its signalized hard corner location along West Osceola Parkway (20,000+ VPD) which is a primary east west thoroughfare. The property is immediately adjacent to one of the largest shopping malls in Central Florida, The LOOP Kissimmee. The mall is anchored by Ross, T.J. Maxx, Kohl’s, Regal Cinema, and many other tenants. The entire mall totals 730,000 square feet of retail space. There are over 222,000 people living within five miles of the property with an average household income of $66,830. The area benefits from its close proximity to Disney World, which is less than 10 miles away.
The AutoZone lease has over 14 years remaining on the primary term. AutoZone is the nation’s largest auto parts store and distributor in the United States. Based out of Memphis and founded in 1979, AutoZone has consistently boasted strong growth over the past several years and this trend continues.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer in the transaction who was an east coast family in a 1031 exchange. The seller was a local real estate company.
“Long term leases to e-commerce resistant tenants like AutoZone continue to trade regularly in times like these” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman, Partner of The Boulder Group, added, “Investors gravitate towards assets in top 25 MSAs like Orlando.”
About The Boulder Group
The Boulder Group is a boutique investment real estate service firm specializing in single tenant net lease properties. The firm provides a full range of brokerage, advisory, and financing services nationwide to a substantial and diversified client base, which includes high net worth individuals, developers, REITs, partnerships and institutional investment funds. Founded in 1997, the firm has arranged the acquisition and disposition of over $6 billion of single tenant net lease real estate transactions. From 2012-2019, the firm was ranked in the top 10 companies in the nation for single tenant retail transactions by both Real Capital Analytics and CoStar. The Boulder Group is headquartered in suburban Chicago: www.bouldergroup.com
Company Name: The Boulder Group
Contact Person: Randy Blankstein
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Address:3520 Lake Avenue Suite 203
Country: United States