Absolute NNN AutoZone
For Sale
Contact for pricing
2375 McGrady Drive SE, Cleveland, TN 37323
Corporate-guaranteed lease offers extended term, scheduled increases, and no landlord responsibilities.
Property SizeContact for details
Days on Market143
Property Features for 2375 McGrady Drive SE
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
35,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Tenancy
Single
Abandoned
No
Listing Agency:
SRS Real Estate Partners Newport Beach
(480) 221-4221
Listed By:
Matthew Mousavi · License #CA 01732226
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 29 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
Investment Insights
Based on property information with market context.
This leased-fee property is occupied by AutoZone under an absolute NNN lease backed by the corporate tenant. The agreement provides a 15-year initial term, four 5-year extension options, and an 8% rental increase every 5 years during the initial term and each option period. The structure assigns no landlord responsibilities and carries an S&P BBB investment-grade rating.
Positioned along U.S. Highway 74 in Cleveland, Tennessee, the property benefits from exposure to a commuter route averaging 35,300 vehicles daily. Walmart Supercenter and Food City are situated between the site and surrounding retail activity, while Walgreens, Planet Fitness, Dollar Tree, Family Dollar, and McDonald’s are identified within the broader retail corridor. Nearby residential communities include Forest Grove with 96 units, Waters Edge with 97 units, and Stanford Place with 92 units. The 5-mile trade area includes more than 59,000 residents and 32,000 daytime employees, with average household income of $62,000.
Positioned along U.S. Highway 74 in Cleveland, Tennessee, the property benefits from exposure to a commuter route averaging 35,300 vehicles daily. Walmart Supercenter and Food City are situated between the site and surrounding retail activity, while Walgreens, Planet Fitness, Dollar Tree, Family Dollar, and McDonald’s are identified within the broader retail corridor. Nearby residential communities include Forest Grove with 96 units, Waters Edge with 97 units, and Stanford Place with 92 units. The 5-mile trade area includes more than 59,000 residents and 32,000 daytime employees, with average household income of $62,000.
Key Highlights
- Absolute NNN lease with no landlord responsibilities
- 15‑year initial lease term plus 4 (5‑year) extension options
- 8% rental increase every 5 years during the initial term and option periods
Property Analytics
Property Profile
Current Use
Lease Details
35,300 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
278
Businesses Nearby
280k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Superstores 29%
Shops & Services 20%
Groceries 15%
Walmart
Superstores
80,053 visits/mo
0.5 miles
Food City
Groceries
33,232 visits/mo
0.2 miles
McDonald's
Dining
23,631 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
17,914 visits/mo
0.3 miles
Wendy's
Dining
16,040 visits/mo
0.2 miles
Demographics for 37323, TN
31,497
Population
12,841
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
114.6 sq mi
ZIP Area
275
Density / Sq Mi
$67,538
Median Household Income
$41,922
Median Earnings
$908
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Corporate-guaranteed lease offers extended term, scheduled increases, and no landlord responsibilities.
Where is this nnn property located?
The property is located at 2375 McGrady Drive SE Cleveland, TN.
What are key features of this property?
This property features: Absolute NNN lease with no landlord responsibilities; 15‑year initial lease term plus 4 (5‑year) extension options; 8% rental increase every 5 years during the initial term and option periods
