AutoZone NNN Lease
4630 Veterans Memorial Boulevard, Metairie, LA 70006
Single-tenant AutoZone NNN leased property in Metairie, Louisiana.
Type:Retail
Property size:
14,165 SFPrice / SF:
$342/SF- Added:
- Nov 25, 2025
- Days on Market:
- 183
- Last Refresh:
- May 19 at 8:44 pm
Property Features for 4630 Veterans Memorial Boulevard
General Information
- Standard status
- Active
- Size
- 14,165 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing agent Scott De Young License #MT #98615 (949) 933-7958
Listing office Faris Lee Investments (949) 933-7958
Listing date Nov 25, 2025
Source Farislee
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 Faris Lee Investments
HighLights
- 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.
- Growing Income Stream: Lease includes 8% rental increases every five years.
- Prime Location: Located in Metairie, Louisiana, a robust suburb of New Orleans.
- Strong Corporate Guarantee: Backed by AutoZone, a financially robust company.
Overview
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
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Bills Auto Collision — 4704 W Napoleon Ave, Metairie, LA 70001
- Joe's Auto Services — 4724 W Napoleon Ave, Metairie, LA 70001
- Bill's Auto — 4700 W Napoleon Ave, Metairie, LA 70001
- AJ's Transmissions Inc — 4724 W Napoleon Ave, Metairie, LA 70001
- Firestone Complete Auto Care — 2222 Clearview Pkwy, Metairie, LA 70001
Location Insight
- Map
- Local Demand
- City
- Metairie
- County
- Jefferson
- State
- Louisiana
- Longitude
- -90.1871
- Latitude
- 30.0047
Nearby Similar for Sale
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 Boulevard Metairie, LA.
What is the asking price?
The asking price for this property is $4,850,000.
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.
