2234 Pr Ave Beloit, WI 53511-2622

This exceptional investment opportunity presents a fee-simple ownership of a 7,749 square foot AutoZone located at 2234 Prairie Ave, Beloit, WI 53511. Built in 1976, this single-story building boasts a strong 9.9 years remaining on the lease, recently extended in 2023 with built-in rental increases, demonstrating the tenant's long-term commitment. The property generates a substantial NOI of $52,800, translating to a compelling 6.00% cap rate on an asking price of $880,000. The location within a dense retail corridor is a significant advantage, surrounded by national brands such as Walmart, Starbucks, and others, and in close proximity to Beloit Memorial Hospital (3,000 employees). Further enhancing the investment potential is the imminent development of a $405 million casino project featuring a hotel, slot machines, and table games, expected to significantly increase foot traffic and economic activity in the area. AutoZone's impressive financial performance, including a 37% increase in net sales since 2019 and a more than doubled stock price, underscores the tenant's stability and growth trajectory. This property offers a rare combination of a secure, long-term lease, a strong tenant with a proven track record, and a prime location poised for significant future growth, making it an ideal addition to any investment portfolio. The current rent is significantly lower than comparable ground leases for new AutoZone locations, providing additional value and potential for future rent increases.