Learn more about this property

Asking Price: $4,602,000

Square Feet: 6,786 SF

Asking Cap Rate: 5.65%

Year Built: 2016

NOI: $260,000

Lease Structure: Absolute NNN


1721 Main Street, Peekskill, NY


  • Corporate Guarantee by AutoZone (NYSE: AZO)
  • Absolute NNN Lease
  • 2017 construction
  • 15-year lease with eight years of term remaining
  • Beer World and Family Dollar located adjacent to the subject property (NIC)
  • 10% Rent Escalations starting in 2nd option
  • AutoZone has Four 5-Year options remaining
  • E-commerce and market resilient tenant



  • High barriers to entry in the submarket
  • High Traffic Counts – 13,397 ADT
  • Average Household incomes at $155,100 in 5-Mile radius
  • Over 80,000 people in a 5-Mile radius
  • Neighboring e-commerce resistant tenants

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