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1730 Us Route 46

AutoZone Leases Retail Space At 1730 US Route 46 In Woodland Park
LEASEDRetail

AutoZone Leases Retail Space At 1730 US Route 46 In Woodland Park

1730 Us Route 46

$24

$24/SF

Building Size

37,500 SF

Asset Type

Retail

Closing

May 15, 2024

AI

The property at 1730 US Route 46 in Woodland Park, a retail asset, was leased by Madison Properties to AutoZone. The lease term consists of a 20-year initial term. The asking rent for the 37,500 square foot space was $24 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 1730 US Route 46
  • Market: Woodland Park
  • Tenant: AutoZone
  • Landlord: Madison Properties
  • Broker: Shane Wierks & Steve Battista - Jeffery Realty
  • Asking Rent: $24/ft.
  • Lease Term: 20-year initial term

The deal was facilitated by Shane Wierks and Steve Battista from Jeffery Realty, representing the respective parties in the lease transaction.

Players

Shane Wierks

Jeffery Realty

Broker

$16.4M

vol

8 deals

Broker

Little Falls Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

660958.33%

Cash-on-Cash

-188903.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93