323 W Morris St - Storefront FOR SALE
Bath, NY 14810 |
$980,393 USD
845-245-7122
323 W Morris St
Bath, NY 14810
HIGHLIGHTS
- Corporate Guaranty (NYSE: AZO | S&P: BBB) | 19+ Years Remaining |Options To Extend | Scheduled 10% Rental Increases
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Strong Retail Corridor
- Near Signalized Intersection | I-86 (20,000 VPD)
- Bath NY | County Seat Of Steuben County | Key Economic Drivers
OVERVIEW
• Over 19 years of primary term remaining, with four (4) additional five-year renewal options
• Lease includes 10% rental increases every five years, driving NOI growth and providing a built-in hedge against inflation
• Guaranteed by AutoZone, Inc. (NYSE: AZO), one of the nation’s largest auto parts retailers with more than 6,527 locations and investment-grade credit (S&P: BBB)
FOR SALE DETAILS
PRICE
$980,393 USD
PRICE/SF
$144 USD /SF
CAP RATE
5.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
AutoZone
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
41
LAND DETAILS
LAND ACRES
1.68 AC
LAND SF
73,181 SF
ZONING
GC
APN/PARCEL ID
462401 158.12-02-024.000,462401 158.12-02-025.110,462401 158.12-02-025.120
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845-245-7122
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845-245-7122
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