38 Pennsylvania Ave - Freestanding FOR SALE


Binghamton, NY 13903- Southside East Binghamton
$825,000 USD
646-303-9613
38 Pennsylvania Ave, Binghamton, NY for Sale
$825,000 USD
Freestanding - FOR SALE
1/6
null | 5.09% Cap Rate

38 Pennsylvania Ave
Binghamton, NY 13903
Southside East Binghamton


HIGHLIGHTS

  • Zero Landlord Responsibilities | Absolute Triple Net (NNN) Ground Lease Structure
  • Strong Corporate Guaranty | AutoZone (S&P: BBB) Operates 6,100+ Stores Nationally
  • Automotive Oriented Tenant | Protected Against The Threat Of E-Commerce And Recession
  • Extremely Loyal Customer Base | 48.6% Of Customer Have Visited 5 Or More Times
  • Dense Retail Trade Area | 1.4M Square Feet Of Retail Within A 1 Mile Radius
  • Dense Demographics | Over 97,000 Full-Time Residents Within 5 Mile Radius

OVERVIEW

SAB Capital is pleased to present AutoZone in Binghamton, NY, less than a 1 mile from downtown Binghamton. The lease features a triple-net (NNN) ground lease structure and is corporately backed by AutoZone Corporation which operates 6,100+ locations nationally. The subject property boasts strong location fundamentals having 97,000 full time residents in a 5-mile radius and is located across the street from UHS Binghamton General Hospital.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

5.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Autozone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

-

APN/PARCEL ID

030200-160-072-0004-011-000-0000

ASK ABOUT THIS PROPERTY

Asher WenigSAB CapitalMore Info
646-303-9613

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Asher WenigSAB CapitalMore Info
646-303-9613

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