Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12015 Us Highway 301 Parrish, FL 34219

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Single-tenant NNN ground lease with corporate-backed AutoZone.

    Property size:
    5,000 SF
    Lot size:
    0.87 Acres

    Property Features for 12015 Us Highway 301

    General Information

    Standard status
    Active
    Zoning
    PD-C
    Size
    5,000 SF
    Lot size
    0.87 Acres

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    William Wamble
    William Wamble
    Source: Crexi

    Listing Agency: SRS Real Estate Partners Tampa Listing Agent: William Wamble

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

    Learn more

    Overview

    AutoZone Ground Lease Investment

    This investment opportunity features an AutoZone ground lease located in Parrish, Florida. The single-tenant property operates under an absolute NNN ground lease, backed by AutoZone, Inc., a leading auto parts retailer with over 7,650 locations worldwide. The property generates a net operating income of $81,000 with a 4.25% cap rate. The newly constructed 5,000 square foot building is situated on 0.87 acres. The lease is brand new with a 15-year term, including four 5-year renewal options and 10% rental increases every five years. As an absolute NNN lease, the tenant is responsible for all expenses. The property is strategically located at a high-traffic intersection with demographics including a $134,120 average household income within a 1-mile radius. This property is located in the Sarasota MSA market.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Law Firm Auto Repair Shop Kitchen & Bath Showroom Food Market Storage Facility Garden Center Plumbing Service Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Parrish
    County
    Manatee
    State
    Florida
    Longitude
    -82.384641
    Latitude
    27.645609

    Nearby Similar for Sale

    • $415,000
      5.00 Acres

      Improved Fenced 5-Acre Property

      5-acre property with pole barn, wells, and established trees.
      8994 Bunker Hill Rd, Parrish, FL 34219
      View Details
    • $899,000
      1,407 SF

      Horse-Friendly Farmstead with Pool & Stables

      10+ acre farm with home, pool, and equestrian amenities.
      18155 Sr 62, Parrish, FL 34219
      View Details
    • Contact for pricing
      Pending

      New Townhouse in Lagoon Community

      Single-story townhouse with modern features in a luxurious lagoon community.
      9150 Gulf Haven Dr, Parrish, FL 34219
      View Details
    • Contact for pricing
      Pending

      Ready Now Bridgeport Villa

      Move-in ready villa in resort-style Parrish community.
      12408 Oak Hill Way, Parrish, FL 34219
      View Details
    • $1,900,000

      Vegetable Packinghouse on 15 Acres

      57,352 SF packinghouse on 15 acres near major roads.
      14375 Saffold Rd, Parrish, FL
      View Details
    • Contact for pricing
      2,024 SF

      Wendy's NNN Ground Lease

      Single-tenant Wendy's NNN ground lease in Parrish, Florida.
      12035 Us Highway 301, Parrish, FL 34219
      View Details

    FAQs

    What type of property is this?
    Auto shop - Single-tenant NNN ground lease with corporate-backed AutoZone.
    Where is this auto shop located?
    The property is located at 12015 Us Highway 301 Parrish, FL.
    What are key features of this property?
    This property features: - Absolute NNN Ground Lease: A management-free investment with Tenant (AutoZone) responsible for all expenses.; - Corporate-Backed Lease: Leased to AutoZone, Inc. (NYSE: AZO | S&P: BBB).; - New 15-Year Lease: Features four 5-year renewal options and 10% rental increases every five years.
    Request Owner's contact information
    12015 Us Highway 301 Parrish, FL 34219
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12015 Us Highway 301
    Parrish, FL 34219
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12015 Us Highway 301 Parrish, FL 34219
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    William Wamble
    William Wamble
    Real Estate License ID: SL3257920
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!