Boeve Investment Services of Marcus & Millichap is pleased to present for sale two Autozones in Corpus Christi, Texas. The properties are corporate guaranteed by Autozone.

1. TWO AUTOZONES | CORPUS CHRISTI, TEXAS
2149 AIRLINE ROAD AND 14062 NORTHWEST BOULEVARD, CORPUS CHRISTI, TEXAS
ACTUAL BUILDINGS
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2. LEAD BROKER
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485PRESENTED BY
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016

3. financial overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
2
Autozone tenant summary
Tenant Trade Name Autozone
Ownership Public
Property Subtype Net Leased Auto Parts
Lease Guarantor Corporate Guarantee
Lease Type Absolute Net
Roof and Structure Tenant Responsibility
combined pricing
Price $3,598,000
Cap Rate 6.00%
Net Operating Income $215,917
loan quote
New Loan Amount $2,338,700
Loan to Value 65%
Interest Rate 4.00%
Loan Term 10 Years, Fixed for 5 Years
Amortization 25 Years
Loan Fee 1%
Annual Debt Service $149,705
Annual Cash Flow (Year 1) $66,212 (5.26%)
Total Return (Year 1) $122,278 (9.71%)

4. financial overview
annualized operating income
Rent Increases Annual Rent Monthly Rent Rent/SF
Year 1 - Year 10 $97,500 $8,125 $14.37
Year 11 - Year 20 $102,375 $8,531 $15.09
November 2017 $102,375 $8,531 $15.09
Option 1: Year 21 - Year 25 $112,613 $9,384 $16.59
Option 2: Year 26 - Year 30 $123,874 $10,323 $18.25
Option 3: Year 31 - Year 35 $136,261 $11,355 $20.08
Option 4: Year 36 - Year 40 $149,887 $12,491 $22.09
Net Operating Income $97,500
pricing
Property Address 2149 Airline Road
Corpus Christi, Texas 78401
Price $1,706,000
Price Per SF $251
Cap Rate (Year 2) 6.00%
Gross Leasable Area 6,786 SF
Year Built 2007
Lot Size 0.79 Acres
Net Operating Income (Year 2) $102,375
Lease Term 20 Years
Lease Commencement Date 11/15/2007
Lease Expiration Date 10/31/2027
Renewal Options Four, Five-Year Options
Term Remaining on Lease 10 Years
Increases 10% Every Five Years
annualized operating income
Rent Increases Annual Rent Monthly Rent Rent/SF
Year 1 - Year 10 $108,135 $9,011 $14.67
Year 11 - Year 20 $113,542 $9,462 $15.41
September 2017 $113,542 $9,462 $15.41
Option 1: Year 21 - Year 25 $124,896 $10,408 $16.95
Option 2: Year 26 - Year 30 $137,385 $11,449 $18.64
Option 3: Year 31 - Year 35 $151,124 $12,594 $20.51
Option 4: Year 36 - Year 40 $166,236 $13,843 $22.56
Net Operating Income $108,135
pricing
Property Address 14062 Northwest Boulevard
Corpus Christi, Texas 78401
Price $1,892,000
Price Per SF $257
Cap Rate (Year 2) 6.00%
Gross Leasable Area 7,370 SF
Year Built 2007
Lot Size 1.06 Acres
Net Operating Income $113,542
Lease Term 20 Years
Lease Commencement Date 8/25/2007
Lease Expiration Date 8/31/2027
Renewal Options Four, Five-Year Options
Term Remaining on Lease 10 Years
Increases 10% Every Five Years
2149 Airline Road 14062 Northwest Boulevard
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
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5. corpus christi, texas
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
4
·· County Seat of Nueces County
·· One of the Largest Cities in Texas
·· Corpus Christi’s Port is One of the Nation’s Largest
·· City is Serviced by United States Route 77 and 181; Texas State Highways 35, 44,
and 358
·· Favorite Vacation Spot | Fifth Most Popular Tourist Destination in Texas
·· Home to Several Insititutions of Higher Learning
·· Texas A&M University - Corpus Christi (12,100+ Students)
·· Del Mar College (12,200+ Students)
·· Saint Leo University - Corpus Christi (21,600+ Students)

6. 2149 airline road

7. ·· Subject Property is Less Than a Mile From Sunrise Mall and Shops at La Palmera
·· Other Dominate Tenants in This Trade Area Include: CVS Pharmacy, Family Dollar,
Lowe’s Home Improvement
·· Located on Airline Road With Traffic Counts of 32,443 Cars Per Day |One of Area’s
Major Thoroughfares
·· Corporate Guarantee | AutoZone, Incorporated, a Fortune 500 Company, Contin-
ues to Guaranty The Duration of The Lease
·· AutoZone, Incorporated, (NYSE:AZO) Has Strong Investment Grade Credit With a
S&P Rating of BBB | Market Cap of $23.37 Billion and Revenue of $10.64 Billion
·· AutoZone is The Largest Auto Parts Retailer With More Than 6,000 Locations
·· Texas is An Income Tax Free State
·· Land and Building Lease Offering Investor Increased Return Through Depreciation
investment highlights
Marcus & Millichap is pleased to present for sale an AutoZone on Airline Road in
Corpus Christi, Texas. The subject property is a corporate guarantee AutoZone
on a 0.79-acre lot.
The property is leased with 10 years left on a 20-year absolute net lease with
four, five-year options to renew. The lease includes a corporate guarantee from
AutoZone, Incorporated, the nation’s leading retailer and a leading distributor of
automotive replacement parts and accessories with $10.64 billion in revenue
and $8.1 billion in assets. AutoZone is investment grade tenant with a rating of
“Baa1” by Moody’s. There are more than 6,000 locations and is headquartered in
Memphis, TN. This is a rare opportunity to buy one of the top auto replacement
parts and accessories retailers in the nation, with minimal landlord obligations.
investment overview
1 Mile 3 Miles 5 Miles
2016 Population 3,599 16,445 38,585
2016 Households 1,287 5,746 13,151
2016 Daytime Population 3,531 5,717 10,783
2016 Average Household Income $89,554 $85,369 $63,663
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
6
ACTUAL BUILDING

8. 70,787 Households Within Five Miles
Christiwood Apartments
304-Unit Complex
Twenty01 Townhomes
42-Unit Complex
AirlineRoad-32,443CarsPerDay
Shops at La Palmera
Sunrise Mall
Holly Road - 15,238 Cars Per Day
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This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723

9. 14062 northwest boulevard
ACTUAL BUILDING

10. ·· Situated Along Northwest Boulevard (28,900 Cars Per Day), a Primary Retail
Thoroughfare, That Intersects With Interstate 69E (51,000 Cars Per Day) Less
Than a Mile to The South
·· Easy Access to United States Highway 77 | Traffic Counts of Over 51,000 Cars
Per Day
·· Subject Property is Less Than a Mile From Sunrise Mall and Shops at La Palmera
·· Other Dominant Tenants in This Trade Area Include: CVS Pharmacy, Walmart Su-
percenter, Pizza Hut, Dollar General and More
·· Corporate Guarantee | Autozone, Incorporated, a Fortune 500 Company, Contin-
ues to Guaranty The Duration of The Lease
·· Autozone, Incorporated, (NYSE:AZO) Has Strong Investment Grade Credit With a
S&P Rating of BBB | Market Cap of $23.37 Billion and Revenue of $10.64 Billion
·· Autozone is The Largest Auto Parts Retailer With More Than 6,000 Locations
·· Texas is An Income Tax Free State
·· Land and Building Lease Offering Investor Increased Return Through Depreciation
investment highlights
Marcus & Millichap is pleased to present for sale an AutoZone on Northwest
Boulevard in Corpus Christi, Texas. The subject property is a corporate guaran-
tee Autozone on a 1.06-acre lot.
The property is leased with 10 years left on a 20-year absolute net lease with
four, five-year options to renew. The lease includes a corporate guarantee from
AutoZone, Incorporated, the nation’s leading retailer and a leading distributor of
automotive replacement parts and accessories with $10.64 billion in revenue
and $8.1 billion in assets. AutoZone is investment grade tenant with a rating of
“Baa1” by Moody’s. There are more than 6,000 locations and is headquartered
in Memphis, Tenesseee. This is a rare opportunity to buy one of the top auto
replacement parts and accessories retailers in the nation, with minimal landlord
obligations.
investment overview
1 Mile 3 Miles 5 Miles
2016 Population 3,599 16,445 38,585
2016 Households 1,287 5,746 13,151
2016 Daytime Population 3,531 5,717 10,783
2016 Average Household Income $89,554 $85,369 $63,663
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
9
ACTUAL BUILDING

11. CALALLEN
HIGH SCHOOL
- 1,200 STUDENTS -
Northwest Boulevard
- 28,941 Cars Per Day
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
10

12. autozone overview
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are
approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future
performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2017 Marcus & Millichap ACT ID Y0080723
11
Founded 1979
Traded As NYSE: AZO
Headquarters Forrest City, Arkansas
Website www.autozone.com
AutoZone, Incorporated, engages in the provision of retail and a
distribution of automotive replacement parts and accessories.
It operates in the following segments: Auto Parts Locations and
Others. The Auto Parts Locations segment is a retailer and distrib-
utor of automotive parts and accessories through the company’s
stores in the United States, Puerto Rico, Mexico and Brazil.
6,000 Locations $10.75 Billion
in 2016 Sales
“BBB” Rating #1 Retailer and Leading Dis-
tributor of Automotive Parts
in United States

13. Confidentiality Agreement
The information contained in the following offering memorandum is proprietary
and strictly confidential. It is intended to be reviewed only by the party receiving it
from Marcus & Millichap and it should not be made available to any other person or
entity without the written consent of Marcus & Millichap. By taking possession of and
reviewing the information contained herein the recipient agrees to hold and treat all
such information in the strictest confidence. The recipient further agrees that recipient
will not photocopy or duplicate any part of the offering memorandum. If you have no
interest in the subject property at this time, please return this offering memorandum to
Marcus & Millichap.
This offering memorandum has been prepared to provide summary, unverified financial
and physical information to prospective purchasers, and to establish only a preliminary
level of interest in the subject property. The information contained herein is not a
substitute for a thorough due diligence investigation. Marcus & Millichap has not made
any investigation, and makes no warranty or representation with respect to the income
or expenses for the subject property, the future projected financial performance of the
property, the size and square footage of the property and improvements, the presence
or absence of contaminating substances, PCBs or asbestos, the compliance with local,
state and federal regulations, the physical condition of the improvements thereon, or
the financial condition or business prospects of any tenant, or any tenant’s plans or
intentions to continue its occupancy of the subject property. The information contained
in this offering memorandum has been obtained from sources we believe to be reliable;
however, Marcus & Millichap has not verified, and will not verify, any of the information
contained herein, nor has Marcus & Millichap conducted any investigation regarding these
matters and makes no warranty or representation whatsoever regarding the accuracy or
completeness of the information provided. All potential buyers must take appropriate
measures to verify all of the information set forth herein. Prospective buyers shall be
responsible for their costs and expenses of investigating the subject property.
ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT THE
MARCUS & MILLICHAP AGENT FOR MORE DETAILS.
Net Leased Disclaimer
Marcus & Millichap hereby advises all prospective purchasers of Net Leased property as follows: The information contained in this Marketing Brochure has been
obtained from sources we believe to be reliable. However, Marcus & Millichap has not and will not verify any of this information, nor has Marcus & Millichap conducted
any investigation regarding these matters. Marcus & Millichap makes no guarantee, warranty or representation whatsoever about the accuracy or completeness of any
information provided. As the Buyer of a net leased property, it is the Buyer’s responsibility to independently confirm the accuracy and completeness of all material infor-
mation before completing any purchase. This Marketing Brochure is not a substitute for your thorough due diligence investigation of this investment opportunity. Marcus
& Millichap expressly denies any obligation to conduct a due diligence examination of this Property for Buyer. Any projections, opinions, assumptions or estimates used
in this Marketing Brochure are for example only and do not represent the current or future performance of this property. The value of a net leased property to you
depends on factors that should be evaluated by you and your tax, financial and legal advisors. Buyer and Buyer’s tax, financial, legal, and construction advisors should
conduct a careful, independent investigation of any net leased property to determine to your satisfaction with the suitability of the property for your needs.
Like all real estate investments, this investment carries significant risks. Buyer and Buyer’s legal and financial advisors must request and carefully review all legal and
financial documents related to the property and tenant. While the tenant’s past performance at this or other locations is an important consideration, it is not a guarantee
of future success. Similarly, the lease rate for some properties, including newly-constructed facilities or newly-acquired locations, may be set based on a tenant’s project-
ed sales with little or no record of actual performance, or comparable rents for the area. Returns are not guaranteed; the tenant and any guarantors may fail to pay the
lease rent or property taxes, or may fail to comply with other material terms of the lease; cash flow may be interrupted in part or in whole due to market, economic, en-
vironmental or other conditions. Regardless of tenant history and lease guarantees, Buyer is responsible for conducting his/her own investigation of all matters affecting
the intrinsic value of the property and the value of any long-term lease, including the likelihood of locating a replacement tenant if the current tenant should default or
abandon the property, and the lease terms that Buyer may be able to negotiate with a potential replacement tenant considering the location of the property, and Buyer’s
legal ability to make alternate use of the property.
By accepting this Marketing Brochure you agree to release Marcus & Millichap Real Estate Investment Services and hold it harmless from any kind of claim, cost,
expense, or liability arising out of your investigation and/or purchase of this net leased property.
ACTUAL BUILDING

14. LEAD BROKER
Joshua Rey
Associate
ONTARIO OFFICE
Tel: (909) 456-7015
joshua.rey@marcusmillichap.com
CA License: 1776485
Kevin Boeve
Senior Vice President Investments
ONTARIO OFFICE
Tel: (909) 456-3450
kevin.boeve@marcusmillichap.com
CA License: 01247016PRESENTED BY
ACTUAL BUILDING