Buying an AutoZone Location:

Public/Private: Public
Stock Symbol (if applicable): AZO
S & P Credit Rating: BBB
# of locations: 4,200+ 

Headquartered in Memphis, Tennessee, Auto Zone is the nation’s leading retailer and distributor of automotive replacement parts and accessories. The company now operates more than 4,200 locations across the United States and Puerto Rico, and over 180 stores across Mexico.

Auto Zone, along with other auto parts retailers, has benefited from the downturn in the economy as more people opt for do it yourself repairs as opposed to taking their car to a repair shop or purchasing a new vehicle. For the 2009 fiscal year, Auto Zone saw same store sales growth of 4.4% along with record profits of almost $1.2 billion. Auto Zone has also been aggressively repurchasing company stock since 1998, a signal of company strength. Auto Zone’s stores typically range from 6,500 – 8,000 square feet and require slightly less than an acre of property.

AutoZone takes claim to one of the richest histories in the automotive field. You will be able to enter an AutoZone anywhere in the world and always be able to find a clean atmosphere with new products always stocked on the shelves. The first AutoZone opened in 1979 in Forrest City, Arkansas. The little store which was called “Auto Shack” at the time quickly began to expand to where it had over 3,600 stores today! As long as AutoZone has been in business it has been creating milestones and setting high standards for everyone else in the Automotive field.

In 1984 AutoZone became the first retailer to create a quality control program which demonstrated their great confidence in their business and products. AutoZone has always been focusing on customer service, even back in 1984! They created a recognition program that helped their employees serve customers better, that program is still in use and doesn’t look like its going anywhere any time soon. During the great technology boom AutoZone was not falling behind, it was taking advantage. They equipped all of their stores with a store management system which let them keep track of parts so you were sure to get what you needed when you needed it.

Since 1994 AutoZone has been rapidly growing and making friends with local shop owners so they could provide them with discount auto parts. Year after year AutoZone continues to impress investors by their sky rocketing revenue and their outstanding customer service. If you are looking for a rapidly growing company AutoZone is the one for you. Don’t hesitate to contact us at any time to find out more information about AutoZone.

 

Our Take:

Auto Zone has become a great tenant in the single tenant triple net lease game. Many investors are drawn to them because of their “recession-proof” retail niche. As more and more American’s aim to cut spending and live more frugal lifestyles, Auto Zone continues to look like a strong retail tenant.  

 
   
   

 

Please allow us the opportunity help you locate and acquire your investment property today..

1-321-443-6001 (Jeff)
1-321-258-6827 (Wade)
1-888-206-6040 (Toll Free)

4499 W. Hwy 192 - Kissimmee, FL  34746

 

Let us help you invest!


The experts at ComDev, LLC will be able to fully explain the investment opportunities out there that fit your budget and investment needs.

Name:
Phone:  
Email:  
 
Comments or Special Requests:
1031 Request
 

 

  Dollar General Banner  
 
Advanced Auto Parts Banner
 
Walgeens Banner