AutoZone - Tenant Overview


January 24, 2024

Auto - Repair

Tenant Description

AutoZone, established in 1979 as Auto Shack in Arkansas, has evolved into a leading retailer and distributor in the automotive aftermarket industry. With over 6,000 stores across the United States, Mexico, and Brazil, the company has demonstrated significant transformation and growth, emphasizing its scale and influence in the industry.

The company's extensive product portfolio includes a wide array of automotive parts, tools, and accessories, serving both professional mechanics and do-it-yourself enthusiasts. AutoZone's commitment to providing the right parts at competitive prices, combined with exceptional customer service, has cultivated a strong customer base and reinforced its market strength.

AutoZone has heavily invested in digital platforms, including a user-friendly website and mobile app, significantly enhancing the customer shopping experience. This focus on technology has streamlined the shopping process and solidified AutoZone's competitive market position.

The company's growth strategy involves consistent store expansion and strategic acquisitions, reflecting a robust and adaptable approach. AutoZone's expansion into new markets and diversification of product offerings align with its vision of maintaining market leadership.

AutoZone's strategic real estate footprint, focusing on high-traffic and convenient locations, maximizes customer flow and visibility. This approach, combined with strong financial performance, including consistent revenue growth and profitability, makes AutoZone an attractive tenant in the commercial real estate sector. Despite potential market challenges, AutoZone's brand recognition, customer loyalty, and market adaptability underscore its desirability and potential for continued success.

Average Asking Cap Rate


3 mo avg (233 properties)

Typical Investment/Lease

Average Sale Price




$/Square Foot

$200 -$380

Building SF

6,850 - 8,050

Approx. Store Count


Lease Term

15 Years


10% Every 5 Years

Stock Symbol


Credit Quality



Average Asking Cap Rate Trend





Reflect only properties with long-term lease.

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