AutoZone Aberdeen

Property Overview

Located at 1414 Simpson Ave in Aberdeen, WA, this 6,680 SF single-tenant retail property was built in 2014 and occupied by AutoZone under a full triple net lease. At the time of sale, the lease had 11 years remaining with annual base rent of $123,996.

Challenge

Our team represented both the buyer and the seller in this on-market transaction. The primary complication was the buyer's compressed timeline: funds needed to be placed within 30 days, leaving little room for the standard pace of due diligence, feasibility review, and tenant coordination. Keeping the transaction on schedule required careful management of every moving part from the outset.

Action

Erik and Mike coordinated directly with both parties to keep the process moving without sacrificing thoroughness. Key steps included:

• Compressing the feasibility period to align with the buyer's funding deadline
• Expediting estoppel certificates from AutoZone to satisfy lender and buyer requirements on an accelerated schedule
• Maintaining clear communication between the buyer and seller throughout to prevent delays at any stage

Result

• Sale price of $2,250,000, or $337 per SF
• Successfully closed within the buyer's required 30-day window
• Managed an expedited estoppel process directly with the tenant
• Our team represented both buyer and seller, coordinating all parties through a compressed timeline