1721 Main St Peekskill, NY 10566-3118
- Retail space
- 0.55 lot acres
Current Use by Public Records
- AutoZone Auto Parts / Auto Parts Store / Car Accessories Store
- AUTOZONE 4730 / Auto Parts Store
Property Details for 1721 Main St
- Lot size
- 0.55 lot acres
- Property type
- Retail space
- APN
- 551200 33.6-11-3.2
- APU
- 5512003361132
Description
This exceptional investment opportunity presents a 6,786 square foot AutoZone retail property located at 1721 Main St, Peekskill, NY 10566. Built in 2017, the property boasts a strong 5.65% cap rate and a substantial net operating income (NOI) of $260,000. The property features an absolute NNN lease with a credit-rated, corporate guarantee from AutoZone (NYSE: AZO), ensuring consistent cash flow. The lease, with a remaining term of 7.4 years, includes four five-year renewal options with 10% rent escalations beginning in the second option period. Situated on a 0.55-acre lot, this location benefits from high traffic counts (13,397 ADT) and a strong demographic profile, including an average household income of $155,100 within a 5-mile radius and over 80,000 people in the same area. The property's e-commerce resistant tenant and proximity to complementary businesses like Beer World and Family Dollar further enhance its value and stability. This is a rare opportunity to acquire a high-performing, well-located retail asset with significant long-term growth potential. The asking price is $4,602,000, representing a price per square foot of $678.16. The property's high barriers to entry in the submarket contribute to its enduring appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peekskill
- County
- Westchester
- State
- New York
- Longitude
- -73.9063
- Latitude
- 41.2936
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
