10125 Ulmerton Rd Largo, FL 33771

Listing agency Marcus & Millichap - Issenberg Britti Group g***@marcusmillichap.com Show Phone

Listed by Gabriel Britti · License #FL SL3211804

Source Crexi

Added: Apr 12 Updated: Jul 22 at 12:05PM Checked: Jul 22 at 12:05PM

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Investment Insights

Based on property information with market context.

Marcus & Millichap is pleased to present a ground lease with AutoZone at 10125 Ulmerton Rd in Largo, Florida. The property was built in 2020 and is currently structured as a ground lease with 19 years remaining on the base term, plus options. Rent is set to increase by 10% every five years during the base term and the options.

Located on busy Ulmerton Road, the site is described as experiencing traffic counts in excess of 57,000 vehicles per day. AutoZone is next to a busy Publix Supermarket and Home Depot, and across the street from Largo Mall, which features additional retailers including Target, Marshalls, Olive Garden, and Med Express Urgent Care.

AutoZone, Inc. is an aftermarket automotive parts and accessories retailer with a nationwide footprint.

Key Highlights

• AutoZone ground lease built in 2020, with 19 years remaining on the base term
• Rent includes 10% increases every 5 years during the base term and options
• AutoZone pays $69,999 per year in rent

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FAQs

What type of property is this?

Auto shop - Built in 2020, this AutoZone ground lease has 19 years remaining and includes periodic rent increases.

Where is this auto shop located?

The property is located at 10125 Ulmerton Rd Largo, FL.

What are key features of this property?

This property features: AutoZone ground lease built in 2020, with 19 years remaining on the base term; Rent includes 10% increases every 5 years during the base term and options; AutoZone pays $69,999 per year in rent