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3372 Old Crompond Rd 9,000 SF Retail Building Yorktown Heights, NY 10598 $5,325,776 CAD ($591.75 CAD/SF) 7% Cap Rate
Investment Highlights
- Attractive Pricing And Yield – Offered at $3,887,428, representing a 7.00% cap rate, delivering strong in-place cash flow backed by a national credit
- Modern Construction – Constructed in 2017, the ±9,000 SF masonry building occupies a ±1.76 AC site with low ±11.74% site coverage
- Trusted Local Brand – Locally operating as Best Plumbing, Tile & Stone, the tenant is the top-ranked plumbing fixtures and supplies retailer
- Secure Lease Structure – Triple-net lease in place through 2030 with 3% annual rent escalations and a 5-year renewal option
- National Credit Strength – Tenant is Hajoca Corporation, one of the largest plumbing distributors in the U.S., operating 450+ locations nationwide.
- Diverse Customer Base – Services both residential and trade customers through a high-end show room, professional design consultation
Executive Summary
Broker of Record
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Cory Rosenthal
License # 10991237833, 10311210106 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
9,000 SF
Building Class
B
Year Built
2017
Price
$5,325,776 CAD
Price Per SF
$591.75 CAD
Cap Rate
7%
NOI
$372,804 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.82
Lot Size
0.25 AC
Zoning
R-3 - Retail/Food Service
Parking
20 Spaces (2.22 Spaces per 1,000 SF Leased)
Frontage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Taconic Tree Care Inc
- Services
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Taconic Tree Care Inc | Services | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5400-026-018-00001-000-0009 | Improvements Assessment | $13,974 CAD |
| Land Assessment | $2,055 CAD | Total Assessment | $16,029 CAD |
Property Taxes
Parcel Number
5400-026-018-00001-000-0009
Land Assessment
$2,055 CAD
Improvements Assessment
$13,974 CAD
Total Assessment
$16,029 CAD
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3372 Old Crompond Rd
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