INVESTMENT OFFERING
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.
- AutoZone In Binghamton, NY | Less Than 1 Mile From Downtown Binghamton
- 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
- Prime Location | Across the street from UHS Binghamton General Hospital
- National Retailers Located Nearby | Walgreens, Weis Markets, M&T Bank, and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| AutoZone | $825,000 | 5.09% | Absolute NNN | 4,000 | Available |
