75-Year Absolute NNN Lease
Long-duration, passive income stream with 58+ years of remaining term.
$285,000
NOI
Absolute NNN
Lease Type
58+ Years
Term Remaining
14,820 SF
Rentable Area
1.90 Acres
Lot Size
2007
Year Built
Investment Highlights
A truly passive, long-term net-lease asset
Zero Landlord Responsibilities
Tenant is responsible for taxes, insurance, maintenance, roof and structure.
Opportunity Zone Location
Federally designated Qualified Opportunity Zone with significant tax advantages.
Corporate Guaranteed Lease
Guaranteed by Shoe Show, Inc. — a national retailer with 1,150+ locations.
Grocery-Anchored Center
Located within a Save-A-Lot grocery-anchored shopping center driving daily traffic.
Excellent Visibility & Access
Positioned on a major retail corridor — NY-812 with 11,400 vehicles per day.
Primary US–Canada Border Crossing
Served by the Ogdensburg-Prescott International Bridge to Ontario and Ottawa.
Strong National Co-Tenancy
Save-A-Lot, Family Dollar, Dunkin', Burger King, McDonald's, Tractor Supply, ALDI, Advance Auto and Dollar General.
Property Gallery
14,820 SF on 1.90 acres
Qualified Opportunity Zone
Located in a Federally Designated Opportunity Zone
This property is located within a designated Qualified Opportunity Zone. The Opportunity Zone program — made permanent under 2025 federal tax legislation — offers investors who deploy eligible capital gains through a Qualified Opportunity Fund significant potential tax advantages, including:
Capital Gain Deferral
Defer tax on reinvested capital gains (five-year rolling deferral for post-2026 investments).
Basis Step-Up
Reduce the deferred gain recognized (enhanced 30% step-up available for qualifying rural zone investments).
Tax-Free Appreciation
Pay zero federal tax on appreciation after a 10-year hold.
Elimination of Depreciation Recapture
Exit after 10 years without depreciation recapture.
Positioned for the new permanent Opportunity Zone regime beginning January 2027.
Opportunity Zone benefits are subject to eligibility requirements, including investment through a Qualified Opportunity Fund, applicable holding periods, and property qualification rules. Zone designations and program benefits are subject to change under federal law. This is not tax advice — consult your tax advisor regarding your specific situation.
Lease Summary
Lease Abstract
| Net Operating Income | $285,000 |
|---|---|
| Lease Type | Absolute NNN |
| Lease Commencement | April 1, 2007 |
| Lease Expiration | March 1, 2082 (subject to termination option at end of Year 25 / month 300) |
| Rentable Area | 14,820 SF |
| Lot Size | 1.90 Acres |
| Primary Term Escalations | FLAT |
| Tenant | Corporate |
| Guaranty | Corporate — Shoe Show, Inc. |
Tenant Profile
Shoe Show, Inc.
Shoe Show, Inc. (Shoe Dept. Encore) is a leading national footwear retailer headquartered in Concord, North Carolina, offering stylish, affordable footwear for men, women, and children across 1,000+ locations nationwide.
$1B+
Gross Revenue (2022)
1,000+
Units
1960
Founded
Location & Demographics
A dominant position in the Ogdensburg trade area
Ogdensburg, New York
Located in St. Lawrence County and founded in 1749, Ogdensburg is the regional retail and service hub of New York's North Country. Its economy is anchored in healthcare, manufacturing, and education.
The city holds a strategic US–Canada border position via the Ogdensburg-Prescott International Bridge, providing direct access to Ontario and the Ottawa metropolitan area.
| Radius | Population | Avg HH Income |
|---|---|---|
| 1-Mile | 5,702 | $66,104 |
| 3-Mile | 9,610 | $63,176 |
| 5-Mile | 11,044 | $65,284 |
Contact
Request Offering Details
Exclusively Offered By
A. Andy Sapra
Principal
All Star Investments, LLC(Property Owner)