AutoZone Ground Lease Absolute NNN Automotive New York

Sands Investment Group is Pleased to Present Exclusively For Sale the AutoZone Ground Lease Investment Opportunity Located at 298 Ulster Avenue in Saugerties, New York.

• Brand New 2020 Construction With a Long Term 20 Year Lease in Place With Four, 5 Year Options
• Absolute Triple Net (NNN) Ground Lease With Zero Landlord Responsibilities
• E-Commerce, Recession and COVID Proof Tenant
• Attractive 8% Rent Increases Every 5 Years Including Option Periods
• Located in Hudson Valley, a High Barrier to Entry Market – Only a Two-Hour Drive From New York City
• Strong Corporate Guarantee From AutoZone, Inc. (S&P: BBB)
• The Rural Area of Saugerties is an Ideal Location For AutoZone’s ”Do-It-Yourself” Business Model
• Property is Located Directly Off Interstate 87 Which is One of the Major New York Highways Running From the Bronx to the Canadian Border
• Nearby Tenants Include: McDonald’s, Big Lots, CVS Pharmacy, Verizon, Price Chopper, Dunkin’, Family Dollar, Subway and More

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

• Absolute NNN Ground Lease with No Landlord Responsibilities
• 18 Years Remain on New 20 Year Lease
• 10% Rent Escalations Every 5 Years
• 8 x 5 Year Renewal Options
• McDonald’s Corporate Guarantee
• Located at Signalized Intersection with Strong Visibility and Traffic Counts – Over 22,000 VPD
• 1 Mile from West Virginia University Mountain State Campus and Located Across the Street from Intermodal Gateway Bus Terminal (Recently Renovated)
• Population of Over 44,000 Residents Within a 5 Mile Radius
• Excellent Location – Beckley, WV is the HUB of the Southern West Virginia Trade Area
• Neighboring Tenants Include: Walgreens, Dollar General, DaVita Dialysis, Sheetz and Chase Bank
• In Cooperation with Nancy McBride Lic # WV0002673