Autozone NNN Properties for Sale
Autozone NNN Properties for Sale, Are you looking to buy or sell a Autozone Ground Lease Property, Autozone NNN Lease, or Autozone for 1031 Exchange Property for passive investment? If you would like to buy or sell Net Lease Autozone Properties please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
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| Type | Public company |
|---|---|
| Industry | Retail |
| Founded | July 4, 1979 (as Auto Shack) Forrest City, Arkansas, U.S. |
| Founder | Pitt Hyde |
| Headquarters | Memphis, Tennessee, U.S. |
Number of locations | 6,978 (as of November 19, 2022)[1] |
Area served |
|
Key people | Pitt Hyde (Founder) William C. Rhodes III (Chairman, President, & CEO) Jamere Jackson (CFO) |
| Products | Automotive parts and accessories |
| Revenue | US$12.631 billion (2020)[2] |
| US$2.417 billion (2020)[2] | |
| US$1.732 billion (2020)[2] | |
| Total assets | US$14.423 billion (2020)[2] |
| Total equity | US$877.977 million (2020)[2] |
Number of employees | ~87,000 (2017) |
| Website | autozone |
| Footnotes / references [3] | |
About Autozone Inc :
AutoZone Inc. – The Second Largest Automotive Accessories and Parts Retailer in America
AutoZone Inc. is one of the most prominent distributors cum retailer of automotive parts as well as accessories across US. It is the second-largest organization after Advance Auto Part to gain such huge importance. Having its strong presence with 5006 stores across 49 US states, including the districts of Mexico, Brazil, Puerto Rico, and Columbia, the company constantly strives for expanding its reach worldwide. Among the variety of products it sells includes accessories, chemicals, parts of auto as well as light trucks.
Its latest financial information
Occupying an overall 754th rank in the Global 2000 list of Forbes, the company holds 874th position in terms of sales, 532nd position in terms of profit, and 475th position in terms of market value as per the analysis of the Magazine. However, according to the list of Fortune 500 & Fortune 1000 companies the company has improved its position from 280 to 307 in June 2016 due to the tremendous growth in its sales and profit.
As per the financial analysis report of Hoovers, the gross profit that the company earned through its sale in the last quarter of this year is $ 10.64 Billion showing an overall growth of 4.40%. However, the growth in its net income is 6.96% that accounts for $ 1.2 Billion. Of course, it is a public sector company registered in NYSE (New York Stock Exchange) under the ticker of AZO (S&P 500 component). At present, the current market capital value according to Forbes is $ 23 Billion.
When the growth and revenue of the company are the major concern, the analysis remains incomplete without the mention of number of employees involved in it. Under the visionary guidance of its current CEO William Rhodes, the company currently has a huge team of 81,000 employees who are all responsible for the overall growth of the company over the years.
The story behind its existence
The existence of AutoZone Inc. holds a rich history behind its establishment as a market leader today. It initiated in the year 1979 with a single retail store namely Auto Shack opened in Forest City, Arkansas, by the vision man J.R. Pitt. The first man to become the store manager was Doc Crain who delivered a record breaking first day sale of $ 300.
In the year 1986, the company spun off and emerged as a reputed freestanding company when Pitt became the CEO and chairman of the company. During the beginning of 1991, the company registered itself on New York Stock Exchange with an opening share price of $ 27.50. It further gained momentum in the year 1996 with the arrival of internet era and take-over of ALLDATA a renowned software company.
With this take-over, the company was able to create its presence online thereby serving customers worldwide even today. Having its headquarters in Memphis, Tennessee, the company currently occupies a respectable position in the Fortune 500 list along with expanding its and creating new benchmarks.
How it functions?
Having a huge presence worldwide with numerous company-owned retail stores, AutoZone Inc. is aggressively looking for new locations to open its more retail outlets. Being an internationally acclaimed provider of automotive parts, the company’s department of store development is typically seeking for leased spaces having a coverage area between 6,500 square feet to 8,000 square feet.
Additionally, they also take into consideration the factors like customer-friendly space for parking, easy access to different locations and excellent visibility. If you have an open land matching with their pre-requisite, you can lease it to AutoZone. The duration of lease term usually varies between 15 to 20 years that can be further extended with options from 20 to 40 years, at the discretion of the tenant. Moreover, as per its corporate lease guarantee, you will get a 10% increase in the rent after completion of every 5 years.
Autozone NNN Lease:
Net Lease Autozone/ Autozone Ground Lease property has a credit rating of BBB and is Corporate Guaranteed. Autozone for 1031 Exchange and Net Lease Autozone properties are ideal for investors.