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Auto Parts

AutoZone | 20 Years Remain | Syracuse, NY MSA | Ideal Middle-Income Demographic

Genessee St & Upper Lenox Ave, Oneida, NY 13421

Listing Price: $1,474,998

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
6,446
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.15

Investment Overview

The Property is one-mile east of Otto Shortell Middle School and the Madison County government center. The Madison County campus includes Social Services, Health Department, DMV, Sheriff’s Office, and the Office of Emergency Management and Communications, among others. AutoZone also benefits from its positioning one-half-mile west of several local car dealerships, including NYE Chrysler Dodge Jeep Ram, NYE Ford, NYE Toyota and NYE Buick GM car dealerships, and synergistic uses Harbor Freight and Ralph’s Collision.

Investment Highlights

  • New 20-Year Investment Grade Ground Lease
  • Signalized Corner Location
  • 6% Rental Increases in Year 11 and Options

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Auto Parts

AutoZone | 20 Years Remain | Syracuse, NY MSA | Ideal Middle-Income Demographic

Listing Price: $1,474,998

Cap Rate
4.00%
Tenant Name
AutoZone
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
6,446
Lease Type
NNN Ground Lease
Rent Per Square Feet
$9.15

Investment Highlights

  • New 20-Year Investment Grade Ground Lease
  • Signalized Corner Location
  • 6% Rental Increases in Year 11 and Options

Investment Overview

The Property is one-mile east of Otto Shortell Middle School and the Madison County government center. The Madison County campus includes Social Services, Health Department, DMV, Sheriff’s Office, and the Office of Emergency Management and Communications, among others. AutoZone also benefits from its positioning one-half-mile west of several local car dealerships, including NYE Chrysler Dodge Jeep Ram, NYE Ford, NYE Toyota and NYE Buick GM car dealerships, and synergistic uses Harbor Freight and Ralph’s Collision.

Exclusively Listed By

  • Dean Zang

    Executive Managing Director Investments

    (202) 536-3754

    Email Dean

    License(s): MD: 665335, VA: 0225239201

    Washington, D.C.

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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