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
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