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Auto Parts

AutoZone (NYSE: AZO) | Long Island | Brand New Construction | NNN Ground Lease | Low Rent

2257 NY-112, Coram (Long Island), NY 11727

Listing Price: $1,500,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
13.7
Gross SF
6,876
Guarantor
Corporate Guarantee
Rentable SF
6,876
Price/Gross SF
$218.15
Lease Type
NNN Ground Lease
Rent Per Square Feet
$8.73

Investment Overview

Coram, located in central Suffolk County on Long Island, New York, is a suburban community with a blend of residential neighborhoods, commercial corridors, and natural beauty. As one of Long Island’s older settlements, Coram holds historical significance, but in recent decades, it has grown into a dynamic area catering to both residents and local businesses.

The area is well-connected by major roadways, including Middle Country Road (Route 25), which serves as a vital commercial artery running through the region. Along this stretch, you’ll find a wide range of retail stores, restaurants, and service businesses that cater to the needs of both locals and visitors. The steady traffic along this road contributes to a consistent flow of potential customers for businesses in the area.

Coram offers a mix of housing options, from single-family homes to apartment complexes, attracting a diverse population. Its schools are part of the Middle Country Central School District, which serves a broad area and is known for its range of educational programs. The community also benefits from access to several parks and nature preserves, including the scenic Pine Ridge and Cathedral Pines County Parks, offering outdoor recreation such as hiking, biking, and camping.

Nearby towns such as Selden, Centereach, and Medford enhance the area’s regional appeal, providing additional shopping centers, schools, and healthcare facilities. Coram’s central location on Long Island means that it’s within a reasonable driving distance to major destinations such as Stony Brook University, Long Island MacArthur Airport, and the beaches along the North and South Shores.

The demographic makeup is varied, with a mix of families, young professionals, and retirees, creating a balanced community vibe. The local economy is supported by retail, healthcare, education, and service sectors, with a stable customer base that values convenience and accessibility.

Overall, Coram is a growing suburban hub with solid infrastructure, strong community roots, and a commercial corridor that continues to serve as a key driver of local activity and business opportunity.

Investment Highlights

  • Long Term Absolute Net Ground Lease featuring an 8% Rental Increase in 2034 and Each Option. Brand New 2025 High Quality Construction.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access and Excellent Visibility along Route 112, with Daily Traffic Counts Exceeding 19k+ Vehicles.
  • AutoZone has a S&P Investment Grade Credit Rating of "BBB" and is Ranked #236 on the Fortune 500 List. The Company has an Annual Revenue of more than $18.49 Billion with over 7,000 Stores Nationwide.
  • The City of Coram is part of a Thriving Long Island Retail Region, making this Property a Secure and Appreciating Asset in a Competitive Market.
  • Along Route 112 - benefits from a Location that Connects Downtown Patchogue to Port Jefferson, capturing Traffic from Commuters, Shoppers, and Local Residents, Ensuring Long-term Demand and Strong Tenant Performance.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $130k and over 185k People Residing within a 5-Mile Radius.
  • Immediate Access to/from NY-25 - a major East-West Highway intersecting Route 112, amplifying Traffic Flow and Commercial Synergy. Its Proximity Enhances Accessibility, Customer Volume, and Connectivity to Major Hubs Across Long Island.
  • With Limited Comparable Supply in the Area, this Offering Presents a Rare Opportunity to Own a Stabilized, High-Visibility Retail Property in a Mature, High-demand Long Island Submarket.

Exclusively Listed By

  • Alvin N. Mansour

    California Licensed Real Estate Broker

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    California Licensed Real Estate Salesperson

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s) NY: 10311204479

    New York

Auto Parts

AutoZone (NYSE: AZO) | Long Island | Brand New Construction | NNN Ground Lease | Low Rent

Listing Price: $1,500,000

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
13.7
Gross SF
6,876
Guarantor
Corporate Guarantee
Rentable SF
6,876
Price/Gross SF
$218.15
Lease Type
NNN Ground Lease
Rent Per Square Feet
$8.73

Investment Highlights

  • Long Term Absolute Net Ground Lease featuring an 8% Rental Increase in 2034 and Each Option. Brand New 2025 High Quality Construction.
  • Positioned Along Area's Retail & Traffic Corridor: Features Easy Access and Excellent Visibility along Route 112, with Daily Traffic Counts Exceeding 19k+ Vehicles.
  • AutoZone has a S&P Investment Grade Credit Rating of "BBB" and is Ranked #236 on the Fortune 500 List. The Company has an Annual Revenue of more than $18.49 Billion with over 7,000 Stores Nationwide.
  • The City of Coram is part of a Thriving Long Island Retail Region, making this Property a Secure and Appreciating Asset in a Competitive Market.
  • Along Route 112 - benefits from a Location that Connects Downtown Patchogue to Port Jefferson, capturing Traffic from Commuters, Shoppers, and Local Residents, Ensuring Long-term Demand and Strong Tenant Performance.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $130k and over 185k People Residing within a 5-Mile Radius.
  • Immediate Access to/from NY-25 - a major East-West Highway intersecting Route 112, amplifying Traffic Flow and Commercial Synergy. Its Proximity Enhances Accessibility, Customer Volume, and Connectivity to Major Hubs Across Long Island.
  • With Limited Comparable Supply in the Area, this Offering Presents a Rare Opportunity to Own a Stabilized, High-Visibility Retail Property in a Mature, High-demand Long Island Submarket.

Investment Overview

Coram, located in central Suffolk County on Long Island, New York, is a suburban community with a blend of residential neighborhoods, commercial corridors, and natural beauty. As one of Long Island’s older settlements, Coram holds historical significance, but in recent decades, it has grown into a dynamic area catering to both residents and local businesses. The area is well-connected by major roadways, including Middle Country Road (Route 25), which serves as a vital commercial artery running through the region. Along this stretch, you’ll find a wide range of retail stores, restaurants, and service businesses that cater to the needs of both locals and visitors. The steady traffic along this road contributes to a consistent flow of potential customers for businesses in the area. Coram offers a mix of housing options, from single-family homes to apartment complexes, attracting a diverse population. Its schools are part of the Middle Country Central School District, which serves a broad area and is known for its range of educational programs. The community also benefits from access to several parks and nature preserves, including the scenic Pine Ridge and Cathedral Pines County Parks, offering outdoor recreation such as hiking, biking, and camping. Nearby towns such as Selden, Centereach, and Medford enhance the area’s regional appeal, providing additional shopping centers, schools, and healthcare facilities. Coram’s central location on Long Island means that it’s within a reasonable driving distance to major destinations such as Stony Brook University, Long Island MacArthur Airport, and the beaches along the North and South Shores. The demographic makeup is varied, with a mix of families, young professionals, and retirees, creating a balanced community vibe. The local economy is supported by retail, healthcare, education, and service sectors, with a stable customer base that values convenience and accessibility. Overall, Coram is a growing suburban hub with solid infrastructure, strong community roots, and a commercial corridor that continues to serve as a key driver of local activity and business opportunity.

Exclusively Listed By

  • Alvin N. Mansour

    California Licensed Real Estate Broker

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego Downtown

  • Jon Talia

    California Licensed Real Estate Salesperson

    (858) 373-3186

    Email Jon

    License(s): CA: 02031343

    San Diego Downtown

Broker of Record

  • John Horowitz

    Broker of Record

    (212) 430-5100

    License(s): NY: 10311204479

    New York

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