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382 Warburton Ave
Yonkers, NY 10701
Retail Property For Sale
Investment Highlights
- Triple Net (NNN) lease with a corporate guarantee from Dollar Tree, Inc.
- Built-in rent increases of 10% during option periods for income growth.
- Coastal infill location with constrained retail supply and high consumer demand.
- Investment-grade tenant rated ‘BBB’ by S&P providing long-term stability.
- Private on-site parking offering competitive advantage in urban Yonkers.
Executive Summary
CBRE is pleased to present a Family Dollar property on a long-term Triple Net (NNN) lease located in Yonkers, New York, the fourth largest city in the state and an essential business hub in Westchester County. This investment offers an income stream backed by an investment-grade corporate guaranty, as the tenant Family Dollar is a subsidiary of Dollar Tree, Inc., rated ‘BBB’ by S&P. The lease includes built-in 10% rent escalations at each option period, ensuring consistent income growth through the term and renewal options.
Situated along Warburton Avenue, the property enjoys a high-traffic location with private on-site parking, a rare and significant feature in the urban Westchester market. The asset lies within a densely populated trade area of over 79,000 residents in a 1.5-mile radius, with strong household incomes averaging approximately $94,745. The coastal location further enhances its stability, as new retail development opportunities in this market are limited due to geographic constraints. This combination of a strong corporate tenant, secure lease structure, and infill location makes this property a sound long-term investment opportunity.
Situated along Warburton Avenue, the property enjoys a high-traffic location with private on-site parking, a rare and significant feature in the urban Westchester market. The asset lies within a densely populated trade area of over 79,000 residents in a 1.5-mile radius, with strong household incomes averaging approximately $94,745. The coastal location further enhances its stability, as new retail development opportunities in this market are limited due to geographic constraints. This combination of a strong corporate tenant, secure lease structure, and infill location makes this property a sound long-term investment opportunity.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,460 SF
Building Class
C
Year Built
1970
Tenancy
Single
Building Height
1 Story
Building FAR
0.35
Lot Size
0.62 AC
Zoning
M
Parking
30 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 1800-002-000-02146-000-0046 | Improvements Assessment | $8,386 CAD |
| Land Assessment | $8,020 CAD | Total Assessment | $16,406 CAD |
Property Taxes
Parcel Number
1800-002-000-02146-000-0046
Land Assessment
$8,020 CAD
Improvements Assessment
$8,386 CAD
Total Assessment
$16,406 CAD
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