38 Pennsylvania Ave Binghamton, NY 13903

This exceptional investment opportunity presents a 4,000 square foot AutoZone retail property located at 38 Pennsylvania Ave, Binghamton, NY 13903. The property sits on a 0.49-acre lot and features a single-story building constructed in 1999. Currently operating under a triple-net (NNN) ground lease with AutoZone Corporation, the lease boasts a remaining term of 5.2 years, with two, five-year renewal options, extending to January 31, 2030. The property enjoys a 100% occupancy rate, generating a net operating income (NOI) of $42,000 and a 5.09% cap rate. The asking price is $825,000, translating to $206.25 per square foot. This investment benefits from the strength and stability of AutoZone, a nationally recognized brand with over 6,100 locations. The property's strategic location less than one mile from downtown Binghamton, across from UHS Binghamton General Hospital, and within a dense retail area (1.4 million square feet within a one-mile radius) ensures high visibility and strong customer traffic. The surrounding area boasts a substantial population of over 97,000 full-time residents within a five-mile radius. This is a rare opportunity to acquire a well-performing, low-maintenance, and recession-resistant investment property with a strong corporate tenant.