1721 Main St - Auto Repair FOR SALE


Peekskill, NY 10566
$4,333,333 USD
646-370-1883
1721 Main St, Peekskill, NY for Sale
$4,333,333 USD
Auto Repair - FOR SALE
1/14
null | 6% Cap Rate

1721 Main St
Peekskill, NY 10566


HIGHLIGHTS

  • Subject AutoZone is an end-cap property part of a three-tenant strip center Main Street Commons; built-to-suit in 2017
  • Synergistic tenant mix with Family Dollar and Beer World
  • 15 Year Absolute NNN commenced 2017; 4, 5-Yr Renewal Option Periods
  • Legacy real estate in sought-after West Chester County and Hudson River Valley
  • High barrier to entry city and ideal AutoZone demographic supports long term tenancy at subject location
  • Store visits YoY Increased 31.2% and 46.1% the last three (3) years

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,333,333 USD

PRICE/SF

$637 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Kelly HuangKelco InvestmentsMore Info
646-370-1883

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Kelly HuangKelco InvestmentsMore Info
646-370-1883

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.