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Virtual Drive-By

AutoZone NN

8385 Patriot Blvd · Charleston, SC 29418 · Auto Parts / Service

Asking price
$2,260,000
Cap rate
5.00%
NOI
$113,000

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Lease

Lease typeNN
Term remaining15.2 yrs
Expiration09/2041
Rent bumps2.5% Annually (Starting 10/1/29)
OptionsOne, 5-Year Option
Ground lease—
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF7,362
Price / SF$307
Year built2006
Lot size1.26 ac
TypeAuto Shop, Storefront
Days on market151

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Recently-Extended Lease | Long-Term Occupancy: Built in 2006 under a 20-year lease, AutoZone just extended for an additional 15 years through 2041. The lease includes a corporate guaranty from AutoZone, Inc.
  • ​Rare Annual Bumps: 2.5% annually starting in October 2029 throughout the initial term. One option to renew with a 12% increase.
  • ​Future Value Add Opportunity: Located on a 1.26-acre hard-corner at a lit intersection, AutoZone is currently paying a highly replaceable rent of $15.35 PSF, representing a significant discount to the surrounding submarket. Market Rent: ±$35 PSF (Source: CoStar). This drastic spread highlights a massive future “value-add” opportunity to capture market-rate rents upon lease expiration.​
  • ​Site Control: Only one, 5-year option to renew, allowing Landlord to capture upside in ±20 years by either (i) repositioning the site or (ii) bringing Tenant up to market rent.
  • ​Top-Visited Location: By visits, this North Charleston AutoZone ranks among the top 13% of locations nationwide, the top 3% of locations in the state of South Carolina and the top 8% within a 15-mile radius, according to Placer.ai.

Property overview

CBRE is pleased to offer the 7,362-square-foot AutoZone Auto Parts positioned on 1.26 acres in North Charleston, South Carolina (MSA Population: 859,469).​ Built in 2006 under a 20-year lease, AutoZone just extended for an additional 15 years through 2041.​ The lease includes a corporate guaranty from AutoZone, Inc and features 2.5% annual rent increases starting in October 2029 throughout the initial term.​ There is one option to renew with a 12% rent increase.​

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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.