AutoZone – Rio Grande City, TX

AutoZone
4019 East US Highway 83, Rio Grande City, TX 78582, USA

Sands Investment Group is pleased to present exclusively for sale the 7,189 SF AutoZone Absolute NNN Asset located at 4019 East US-83 in Rio Grande City, TX. This property features a brand-new 15-year Absolute Triple Net (NNN) lease with zero landlord responsibilities – providing a truly passive, long-term investment secured by a nationally recognized, investment-grade tenant.

  • New 15-Year Lease Extension Signed: After nearly 25 years of continuous operation at this site, AutoZone has reaffirmed its long-term commitment by executing a new 15-year lease, underscoring the location’s exceptional performance and strategic importance within AutoZone’s national footprint.
  • Rare Absolute-Net Lease, Zero Landlord Responsibilities: A truly passive investment in which AutoZone is fully responsible for all taxes, insurance, maintenance, and any expenses incurred over the lease term, leaving the landlord with no operational obligations.
  • Fixed Rental Increases During Base Term and Options: The lease includes fixed rental increases throughout both the base term and all option periods, providing built-in rent growth and helping hedge against inflation over time.
  • Investment-Grade Tenant: The lease is corporately guaranteed by AutoZone, Inc. (NYSE: AZO), a publicly traded corporation with an investment-grade S&P credit rating of BBB.
  • #1 Auto Parts Retailer in the Nation: AutoZone is the largest auto parts retailer in the U.S., operating over 7,500 locations across the United States, Mexico, and Brazil, continuing its industry dominance.
  • Income Tax–Free State: Owning investment real estate in Texas offers certain investors the benefit of no state income tax on rental income (consult a qualified tax advisor for applicability).
  • Direct Highway Access, Excellent Visibility & High Traffic Counts: The property has direct access to U.S. Highway 83, the longest highway in Texas, with over 37,622 vehicles per day, providing strong visibility and consistent consumer traffic.
  • Located Along the Main Retail Artery: Centrally positioned within a major retail corridor featuring Walmart Supercenter, Bealls, McDonald’s, H-E-B Supermarket, AMC Theatres, O’Reilly Auto Parts, and more.
  • Large ±1.83-Acre Lot: Constructed on a sizable ±1.83-acre parcel, offering investors flexibility for future redevelopment and enhanced resale potential.
  • County Seat Location – Rio Grande City: Rio Grande City is the county seat of Starr County, TX, located approximately 40 miles from McAllen, supporting a strong regional customer base.

 

In Cooperation With Sands Investment Group Austin, LLC – Lic. #9004706 BoR: Max Freedman – Lic. TX #644481

AutoZone
4019 East US Highway 83, Rio Grande City, TX 78582, USA

Autozone

AutoZone is the leading retailer and distributor of automotive replacement parts and accessories in the Americas. Each store carries an extensive product line for cars, sport utility vehicles, vans, and light-duty trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products. The majority of stores have a Commercial sales program that provides prompt delivery of parts and other products and Commercial credit to local, regional, and national repair garages, dealers, service stations, fleet owners, and other accounts. AutoZone also sells automotive hard parts, maintenance items, accessories, and non-automotive products through www.AutoZone.com, and our Commercial customers can make purchases through www.AutoZonePro.com. As of May 10, 2025, AutoZone had 6,537 stores in the U.S., 838 in Mexico, and 141 in Brazil, for a total store count of 7,516.

Price

$3,140,000

Cap Rate

4.50%

PREMISES

7,189 SF

RENEWAL OPTIONS

6 x 5 Year Options

Lease Expiration

12/31/2040

Lease Type

Absolute NNN

RENTAL INCREASES

10% Increase in January 2029 and 5% at Option Periods

BROKERS

Jonathan Silver
Los Angeles
Alex Sawelson
Los Angeles

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