Description

AutoZone is a retail investment at 16411 North Oracle Road in Catalina, AZ, offering a 7,000 SF building on a 1.06-acre site. The transaction centers on a corporate Absolute NNN ground lease with AutoZone Parts, Inc.

The 2026 building is under construction, with an estimated January 2027 opening. The property has 37 parking spaces, and Oracle Road traffic is 13,626 AADT. For a retail buyer, the freestanding format keeps the tenant’s premises distinct, while the parking and road exposure support customer access. The lease places CAM, property taxes, insurance, utilities, HVAC, repairs, maintenance, roof, and structure under the tenant’s responsibility.

Oracle Road, also State Route 77, connects Catalina with Oro Valley and Tucson. Downtown Catalina is 1.1 miles from the property, and neighboring retailers include Dollar General, Tractor Supply, and O’Reilly Auto Parts. Bashas’ anchors Golder Ranch Plaza at Oracle Road and Golder Ranch Drive. That retail setting gives buyers a clear picture of the property’s surroundings rather than relying on a broader Tucson-area thesis.

The asking price is $1,290,323, or $184.33 PSF, with a 4.65% cap rate and $60,000 NOI. The corporate ground lease has a 20-year term, with rent commencing October 30, 2026, 8% increases in years 11 and 16, and four 5-year renewal options with 8% increases. Those terms define the income schedule and tenant expense responsibilities for a buyer focused on a single-tenant retail holding. Review the Offering Memorandum for the full transaction.