Overview
AutoZone, Inc is a Fortune 500 retailer and distributor of automotive parts throughout the United States, operating over 6,000 locations. In 2020, AutoZone report a 6.48% sales growth, topping $12.63B, showing a steady incline in top-line revenue for the 5th year in a row. Investors flock to AutoZone for their absolute NNN ground leases and recent preference for long-term 20-year leases. The strong financial fundamentals of AutoZone combined with the attainable price points (typically in the $1.25M to $3M range), makes for demand from many different buyer pools.