The Cooper Commercial Investment Group is pleased to announce the sale of the single-tenant AutoZone, outparcel to a Walmart anchored power center located in Las Vegas, Nevada. Dan Cooper of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller, a private investment group out of Florida. The West Coast buyer, who was found directly by the Cooper Group purchased the asset for $2.3 million, representing a 5.20% CAP.
AutoZone recently relocated from an inline space to their own outparcel and also increased their store footprint. By doing so, AutoZone executed a new 15-year lease, leaving approximately 14 years of term remaining. The lease includes rental increases every five years and four, 5-year options to extend.
The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit The Cooper Group at coopergrp.com for the most up-to-date listings and information, stay connected by, Liking them on Facebook, follow on X (formerly Twitter) @TheCooperGrp and LinkedIn.
