8856 Navarre Pky | Navarre, FL 32566
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This Retail Property is no longer advertised on LoopNet.ca.
8856 Navarre Pky
Navarre, FL 32566
Retail Property For Sale
Investment Highlights
- New 20-year absolute NNN ground lease to AutoZone (NYSE: “AZO”)
- AutoZone is an investment-grade tenant rated “BBB” by S&P and has been a Fortune 500 company for the past 21+ years
- AutoZone’s annual revenue for 2022 was $16.252B, an 11.09% increase from 2021
- Requires no landlord management, ideal for an out-of-area or passive investor
- During the quarter ended November 19, 2022, AutoZone opened 28 new stores in the U.S., opened three stores in Mexico, and four stores in Brazil
- 2023 construction built to latest AutoZone prototype (larger-than-typical 7,381-SF building)
PROPERTY FACTS
Property Type
Retail
Property Subtype
- Retail
- General Retail Freestanding
Building Size
7,381 SF
Building Class
C
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.90 AC
Zoning
HCD
Links
PROPERTY TAXES
Parcel Numbers |
Multiple
|
Improvements Assessment | $1,104,156 |
Land Assessment | $1,428,266 | Total Assessment | $2,532,422 |
PROPERTY TAXES
Parcel Numbers
Multiple
- 21-2S-26-0780-0AA07-0000
- 21-2S-26-0780-0AA11-0000
Land Assessment
$1,428,266
Improvements Assessment
$1,104,156
Total Assessment
$2,532,422
Listing ID: 29412905
Date on Market: 2023-08-31
Last Updated:
Address: 8856 Navarre Pky, Navarre, FL 32566
The Retail Property at 8856 Navarre Pky, Navarre, FL 32566 is no longer being advertised on LoopNet.ca. Contact the broker for information on availability.
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