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AutoZone 1721 Main St 6,801 SF Retail Building Peekskill, NY 10566 $6,048,986 CAD ($889.43 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Subject AutoZone is an end-cap anchor tenant part of a three-tenant strip center - Main Street Commons
- 15 Year Absolute NNN commenced 2017; 4, 5-Yr Renewal Option Periods
- High barrier to entry city and ideal AutoZone demographic supports long term tenancy at subject location
- Synergistic tenant mix with Family Dollar and Beer World
- Legacy real estate in sought-after Westchester County and Hudson River Valley
- Store visits YoY Increased 38.8% in the last 12 months and 46.1% the last three (3) years
EXECUTIVE SUMMARY
Subject AutoZone is an end-cap tenant strategically located in a three-tenant strip center Main Street Commons, forming a synergistic tenant mix with Family Dollar and Beer World. The 6,786 SF building was constructed in 2017 and situated on 0.55 acre land size. The high barrier to entry in this city and ideal AutoZone demographics support a long-term tenancy.
Peekskill, or “PK,” is a city in Westchester County located in renowned Hudson River Valley, just 50 miles north of NYC. Known for its dynamic arts scene, significant history, beautiful waterfront, easy access to trails, and walkable town, the vibrant city attracts day trippers, nearby residents, students and faculty from nearby Vassar College, Marist College, West Point Military Academy, and new residents relocating from the city.
PK has established itself as a hub for creativity and culture, often referred to as an "Artist's Paradise,” where galleries, art studios, and a community-centric atmosphere thrive.
PK not only offers attractions of its own, the city is also located near well known Hudson River Valley magnets such as Storm King Art Center, MANITOGA The Russel Wright Design Center, and Bear Mountain State Park.
Peekskill, or “PK,” is a city in Westchester County located in renowned Hudson River Valley, just 50 miles north of NYC. Known for its dynamic arts scene, significant history, beautiful waterfront, easy access to trails, and walkable town, the vibrant city attracts day trippers, nearby residents, students and faculty from nearby Vassar College, Marist College, West Point Military Academy, and new residents relocating from the city.
PK has established itself as a hub for creativity and culture, often referred to as an "Artist's Paradise,” where galleries, art studios, and a community-centric atmosphere thrive.
PK not only offers attractions of its own, the city is also located near well known Hudson River Valley magnets such as Storm King Art Center, MANITOGA The Russel Wright Design Center, and Bear Mountain State Park.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,801 SF
Building Class
B
Year Built
2017
Price
$6,048,986 CAD
Price Per SF
$889.43 CAD
Cap Rate
6%
NOI
$362,939 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.55 AC
Parking
24 Spaces (3.53 Spaces per 1,000 SF Leased)
Frontage
142’ on Main Street
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
1 of 15
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AutoZone | 1721 Main St
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