AutoZone

Investment Overview

CP Partners is presenting a rare opportunity to acquire a corporate credit ground lease with a low rent and price point located in an affluent area right outside of Tucson, AZ. New construction with a rent commencement in October 2026 and a store grand opening of January 2027.

Investment Highlights

• New construction, 7,000 SF AutoZone on a freestanding 1.06-acre site
• AutoZone Parts, Inc. signed a new 20-year corporate Absolute NNN Ground Lease
• 8% rent increases in years 11 and 16 of the primary term
• Four, 5-year renewal options, each with an 8% rent increase
• AutoZone (NYSE: AZO) holds an investment-grade BBB credit rating
• Fiscal 2026 net sales of $20.3 billion, up 7.4%, and net income of $2.6 billion
• 8,031 stores as of August 29, 2026, after opening 236 domestic stores and closing none in fiscal 2026
• Domestic commercial sales grew 10.6% to $5.8 billion in fiscal 2026, with about 400 global store openings planned for fiscal 2027
• A $33.9 million widening of Oracle Road to six lanes added raised medians, left-turn lanes, and traffic signal improvements in the Catalina area
• Corridor retailers include Tractor Supply, Dollar General, and O’Reilly Auto Parts, with Bashas’ anchoring Golder Ranch Plaza at Oracle Road and Golder Ranch Drive
• No other AutoZone operates in Catalina; the nearest AutoZone is farther south on Oracle Road in Oro Valley
• Nearby employers include 176-bed Oro Valley Hospital and Roche Tissue Diagnostics, Oro Valley’s largest employer with approximately 1,700 Tucson-area employees and contractors