Case Study · NNN · Sold March 2026
AutoZone NNN — Orlando Listing & Sale
We listed, marketed, and sold this single-tenant AutoZone for the owner — professional drone & HDR marketing, a direct negotiation with the buyer-principal, and a fast, clean close at $950,000 (a 6.37% cap rate).
Deal Snapshot
Tenant
AutoZone (NYSE: AZO)
Property Type
Single-Tenant NNN Retail
Address
801 S Goldenrod Rd, Orlando, FL 32822
Building Size
±7,008 SF
Lease Structure
Absolute NNN
Net Operating Income
$60,500 / year
Sale Price
$950,000
Cap Rate at Sale
6.37%
Negotiation
Direct with Buyer-Principal
Represented
Seller (Listing Broker)
Closed
March 2026
Tenant Credit
Investment Grade
The Challenge
The owner of this single-tenant AutoZone on Orlando's busy Goldenrod corridor wanted to exit and redeploy capital. Selling a net-lease asset in a higher-rate environment comes down to two things: pricing it to where the market actually clears, and putting it in front of the right buyer pool. Price it on hope and it sits for months; market it poorly and you lose buyer confidence and leave money on the table.
Our Strategy
As the listing broker, we built a full-service marketing program and negotiated the deal directly with the buyer to the best terms and the most certain close:
- Commissioned professional drone and HDR photography to present the asset at its best
- Produced a detailed offering memorandum highlighting the AutoZone credit, absolute-NNN lease, and hard-corner Goldenrod location
- Marketed to the national net-lease buyer pool and our direct investor network
- Dealt directly with the buyer — a licensed principal investor — negotiating price and terms across the table
- Negotiated up from the buyer's opening offer and managed the deal to a fast, clean close with no retrades
The Result
We negotiated the buyer up from an opening all-cash offer of $857,000 to a closing price of $950,000 — a 6.37% cap rateon $60,500 NOI, about $93,000 (11%) more for our seller. We closed fast and clean: the certain, on-time exit the seller wanted, with no retrades. The buyer acquired a desirable, investment-grade AutoZone (NYSE: AZO) they're holding for long-term income. Both sides walked away satisfied.
The Offering Memorandum
The actual marketing package we produced and used to sell this AutoZone. An example of how we present a net-lease listing.
The Property
801 S Goldenrod Rd, Orlando, FL 32822 — the actual property we listed and sold.
We Even Analyzed Our Own Listing in Public
We ran this exact AutoZone's offering memorandum through our AI deal analyzer and published the result — the tool showed why the initial asking-price cap rate wouldn't pencil for a financed buyer, and the market agreed. That straight-shooting analysis is part of how we price to where deals actually clear and get them sold. Read the full breakdown:
The AI Deal Analyzer on this AutoZone →Thinking of selling a net-lease property?
We price to the market, market professionally, and negotiate hard to get you a clean, certain close. Tell us about your property and we'll give you an honest valuation and a plan.