I pulled one of my oldest nic concentrate bottles out of the top-load freezer and let it warm up to room temperature. It was four years old and had been kept in the dark at -10 to -15 degrees F. (I've seen the vapemageddon coming for quite a while.)
Since it was in a brown Boston bottle, I poured some into a clear beaker. It was just as clear as the day I put it in the freezer. It smelled fine.
I would have tested the nic concentration, but because it was in such good shape (color and smell), I didn't bother. Oxidized nic turns brown and starts to smell woody/cinnamon-like — it's pretty obvious.
But note: it was in the dark and kept at -10 to -15 degrees F.