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4630 Veterans Memorial Blvd Metairie, LA 70006

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Single-tenant AutoZone NNN leased property in Metairie, Louisiana.

Property size:
14,165 SF

Property Features for 4630 Veterans Memorial Blvd

General Information

Size
14,165 SF

Building Details

Year built
2024

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Listing Contact
Scott De Young
Source: Farislee

Listing Agent: Scott De Young

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

AutoZone NNN Lease Investment

This single-tenant, triple-net (NNN) leased property is occupied by AutoZone, a major retailer in the automotive aftermarket industry. The property is located in Metairie, Louisiana, a suburb of New Orleans. Metairie is the fourth most populous community in Louisiana, with a high-density population of over 133,000 residents within a three-mile radius. The area serves as a regional economic hub and is home to the corporate headquarters and training facilities for the New Orleans Saints (NFL) and the New Orleans Pelicans (NBA). The investment is backed by a corporate guarantee from AutoZone (NYSE: ATO), which carries an investment-grade credit rating of ‘BBB’ from S&P. AutoZone has a market capitalization of approximately $67.42 billion and fiscal year 2024 revenues exceeding $18.5 billion. The triple-net (NNN) lease structure transfers responsibility for property taxes, insurance, and CAM directly to the tenant. The landlord is responsible for roof and structure, as well as parking lot repairs only for the first three years. AutoZone recently executed a new 10-year primary lease term with 4 (5-year) options. The lease includes 8% rental increases every five years.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Auto shops

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Bills Auto Collision, Joe's Auto Services, Bill's Auto, AJ's Transmissions Inc, Firestone Complete Auto Care

Location Insight

  • Map
  • Local Demand
City
Metairie
County
Jefferson
State
Louisiana
Longitude
-90.1871025
Latitude
30.0046993

FAQs

What type of property is this?
Auto shop - Single-tenant AutoZone NNN leased property in Metairie, Louisiana.
Where is this auto shop located?
The property is located at 4630 Veterans Memorial Blvd Metairie, LA.
What are key features of this property?
This property features: - High-Credit Tenant: Leased to AutoZone (NYSE: ATO) with investment-grade credit rating.; - Passive NNN Lease: Management-free investment with tenant responsible for property expenses.; - Long-Term Lease: New 10-year primary lease term with four 5-year options.
More about this property
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