90 W. Main St Woodland
Coastal Commercial is pleased to offer For Sale this AutoZone Ground Lease located at 90 W. Main Street in Woodland, CA. AutoZone has been successfully operating at this location since 1999 and recently agreed to extend their lease for an additional 10 Years, expiring November 30, 2033. The lease calls for 8% rental increases every 5 years including in each of the remaining 4, 5-year option periods. AutoZone’s in-place rental rate equates to $0.88 PSF, NNN which ultimately translates into a very rare and low price point Absolute NNN offering in Northern CA.
Built in 1999, the subject property has been well-maintained and offers a pride of ownership asset providing secure, stable and passive income. AutoZone is situated along Main Street on a 0.84 acre parcel and is well parked with 35 spaces on a concrete surface parking lot. The offering benefits from exposure to just over 10K vehicles per day and is located in a densely populated trade area with a 3-mile population of 54,275 people.
The immediate trade area is comprised of a number of national retailers, which include Walmart Neighborhood Market, Nugget Market, Walgreens, CVS, Rite Aid, Les Schwab Tire, Bank of America, McDonald's, Carl's Jr, Arby's, Kentucky Fried Chicken, Starbucks and many others.
Investment Sale Details
List Price
$1,778,000
Square Feet (GLA)
7,170
Current Cap Rate
4.25%
- TENANT COMMITMENT CONFIRMEDRECENT 10 YEAR LEASE EXTENSION - AutoZone exercised a 10-year lease extension in 2023, providing investors with a long-term, contractually secured income stream through November 2033. Tenants do not extend leases at underperforming locations — this extension is the strongest possible signal of AutoZone's confidence in this site.
- PROVEN, ESTABLISHED LOCATION - 25+ YEARS OF CONTINUOUS OPERATION - AutoZone has operated successfully at this location since 1999, demonstrating over two decades of consistent performance and sustained consumer demand. Long-tenured locations carry significantly lower re-leasing risk and represent the most stable assets in the net lease category.
- BUILT-IN INCOME GROWTH - 8% RENTAL INCREASES EVERY 5 YEARS - The lease provides for contractual 8% rental increases every five years through the current term and all four remaining option periods, delivering predictable, inflation-hedging income growth all the way through 2053 if all options are exercised.
- ABSOLUTE NNN - ZERO LANDLORD RESPONSIBILITIES - Structured as an Absolute Triple Net lease, AutoZone is responsible for all property taxes, insurance, and maintenance. One of the investor's only obligation is to own the asset and collect the rent — the purest form of passive real estate income available.
- AMPLE PARKING - 35 DEDICATED SURFACE SPACES - The property features 35 on-site parking spaces on a concrete surface lot, providing AutoZone customers with convenient, accessible parking that supports high-frequency retail traffic and reinforces the long-term viability of the site.