AutoZone | Saugerties, NY

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
In Cooperation with Venture Retail Partners, LLC
BoR: Trevor McNiven – Lic #10491205228

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  • 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