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AUTOZONE (NYSE: AZO) | ABSOLUTE NET GROUND 2257 New York 112 6,876 SF Retail Building Coram, NY 11727 $1,500,000 ($218.15/SF) 4% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term Absolute Net Ground Lease featuring an 8% Rental Increase in 2034 and Each Option. Brand New 2025 High Quality Construction.
- AutoZone has a S&P Investment Grade Credit Rating of “BBB” and is Ranked #236 on the Fortune 500 List.
- 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.
- Positioned Along Area’s Retail & Traffic Corridor: Features Easy Access and Excellent Visibility along Route 112.
- The Company has an Annual Revenue of more than $18.49 Billion with over 7,000 Stores Nationwide.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $130k and over 185k People Residing within a 5-Mile Radius.
EXECUTIVE SUMMARY
Thriving Long Island Retail Region | Brand New 2025 Construction | Densely Populated and Affluent Area: $130k+ Avg. HHI | Along Route 112 | Immediate Access to/from NY-25 | Investment Grade Credit Tenant
New York Broker of Record: John Horowitz | 260 Madison Ave., 5th Floor New York, NY 10016 | P: 212-430-5261 | Lic.# 10311204479 | John.Horowitz@MarcusMillichap.com
New York Broker of Record: John Horowitz | 260 Madison Ave., 5th Floor New York, NY 10016 | P: 212-430-5261 | Lic.# 10311204479 | John.Horowitz@MarcusMillichap.com
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,876 SF
Building Class
B
Year Built
2025
Construction Status
Under Construction
Price
$1,500,000
Price Per SF
$218.15
Cap Rate
4%
NOI
$60,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
1.00 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- AutoZone
- Retailer
- 6,876 SF
- -
- Triple Net
- Dec 2038
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| AutoZone | Retailer | 6,876 SF | - | Triple Net | Dec 2038 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0200-450-00-03-00-013-000 | Improvements Assessment | $0 |
| Land Assessment | $1,500 | Total Assessment | $1,500 |
PROPERTY TAXES
Parcel Number
0200-450-00-03-00-013-000
Land Assessment
$1,500
Improvements Assessment
$0
Total Assessment
$1,500
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AUTOZONE (NYSE: AZO) | ABSOLUTE NET GROUND | 2257 New York 112
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