Updated Dec 4, 2024
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
About this deal
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.
On the Map
$24
$24/SF
Retail
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Players
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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