AutoZone

• Single Tenant Corporate Leased AutoZone – Long Term Occupancy
• Strong Performing Store
  • Ranked in the Top 35% Stores in the State out of 222 Locations
• Below Market Rent at $0.41 PSF – Below Replacement Cost at $100 PSF
• New Roof Installed in 2020 w/ a 15 Year Warranty – New HVAC Replaced in 2017
• Publicly Traded (NYSE: AZO) – Over 7,100 Stores – $47 Billion Market Cap
• Investment Grade Credit Tenant – Rated “BBB” by S&P (Moody’s: “Baa1”)
• Recent Lease Extension – 10 Years Remining in Primary Term
  • Four 5 Year Option Periods
• Rental Increases Every 5 Years through Lease term and Options
• College Town Location – Wake Forest University – Approx 8,950 Students Enrolled
• Positioned on Reynolda Road – Direct Access Route to Wake Forest University
• Demographics – Over 104,700 Residents within 5 Mile Radius
• Average Household Income Exceeding $115,000 within 5 Mile Radius