Bath, NY - AutoZone

Description:

• Over 19 years of primary term remaining, with four (4) additional five-year renewal options
• Lease includes 10% rental increases every five years, driving NOI growth and providing a built-in hedge against inflation
• Guaranteed by AutoZone, Inc. (NYSE: AZO), one of the nation’s largest auto parts retailers with more than 6,527 locations and investment-grade credit (S&P: BBB)

• Excellent frontage and visibility along W. Morris St (5,500 VPD), just steps from its signalized intersection with E. Washington St (12,300 VPD)
• Convenient proximity to Interstate 86 (20,000 VPD), a major east–west arterial providing direct connectivity to the broader New York State market
• Situated in Bath, the county seat of Steuben County, the property benefits from proximity to major governmental offices, including the Steuben County Office Building, home to both the Supreme and County Courts
• Bath is also home to a newly constructed $23M Amazon distribution center, significantly increasing traffic to the area and enhancing long-term real estate fundamentals
• The VA Medical Center-Bath, located just minutes from the subject property, further bolsters consistent traffic and economic stability in the market