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880 Central Park Ave
Scarsdale, NY 10583
Charles Schwab · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Minimal Landlord Responsibilities | Triple Net (NNN) Lease Structure.
- Strong Location Fundamentals | Situated on the Heavily Trafficked Retail Corridor with Prime Visibility on Central Park Avenue.
- Affluent Demographics | Dense population with a high concentration of professionals and executives earning an average household income exceeds $180K.
- Credit Tenant | Occupied by Charles Schwab, a well-established financial services firm with an A- S&P credit rating.
- Close Proximity to Major Highway | Under 1.5 miles away from the Bronx River Parkway.
- Real Estate Fundamentals | Significant property appreciation potential in a highly desirable and densely populated location.
EXECUTIVE SUMMARY
SAB Capital is pleased to present the exclusive offering of a single-tenant net leased Charles Schwab property located in Scarsdale, New York—just 30 minutes from New York City. Scarsdale is consistently ranked among the wealthiest suburbs in the country and was most recently named the Wealthiest U.S. Suburb by GOBankingRates in March 2025.
The asset is secured by a long-term, 15-year net lease with Charles Schwab, with over 6.5 years of remaining term. The lease features annual rental escalations, including a notable 12% increase in 2026. It is backed by a corporate guaranty from The Charles Schwab Corporation, a $22.3 billion revenue company ranked #175 on the Fortune 500 list in 2025.
Positioned at the signalized hard corner of Central Park Avenue and Ardsley Road, the property benefits from visibility to over 41,500 vehicles per day. This dense, infill location offers high barriers to entry and exceptional local demographics, with over 311,000 residents earning an average household income exceeding $217,969 within a five-mile radius.
The property is rated “Very Walkable” by Walk Score®, with most daily errands easily accomplished on foot. It is also situated less than one mile from the Scarsdale Metro-North Train Station on the Harlem Line, which serves over 18 million riders annually and offers direct access to Manhattan.
Central Park Avenue is a dominant retail corridor with over 1 million square feet of commercial space. National retailers in the immediate vicinity include Kohl’s, Planet Fitness, ShopRite, HomeGoods, Best Buy, Chick-fil-A, Chipotle, Starbucks, CVS, Panera, McDonald’s, Bank of America, Chase, and many others.
This prominent corner location, strong credit tenancy, and positioning within one of the most affluent communities in the country make this an exceptional investment opportunity.
The asset is secured by a long-term, 15-year net lease with Charles Schwab, with over 6.5 years of remaining term. The lease features annual rental escalations, including a notable 12% increase in 2026. It is backed by a corporate guaranty from The Charles Schwab Corporation, a $22.3 billion revenue company ranked #175 on the Fortune 500 list in 2025.
Positioned at the signalized hard corner of Central Park Avenue and Ardsley Road, the property benefits from visibility to over 41,500 vehicles per day. This dense, infill location offers high barriers to entry and exceptional local demographics, with over 311,000 residents earning an average household income exceeding $217,969 within a five-mile radius.
The property is rated “Very Walkable” by Walk Score®, with most daily errands easily accomplished on foot. It is also situated less than one mile from the Scarsdale Metro-North Train Station on the Harlem Line, which serves over 18 million riders annually and offers direct access to Manhattan.
Central Park Avenue is a dominant retail corridor with over 1 million square feet of commercial space. National retailers in the immediate vicinity include Kohl’s, Planet Fitness, ShopRite, HomeGoods, Best Buy, Chick-fil-A, Chipotle, Starbucks, CVS, Panera, McDonald’s, Bank of America, Chase, and many others.
This prominent corner location, strong credit tenancy, and positioning within one of the most affluent communities in the country make this an exceptional investment opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
7,500 SF
Building Class
B
Year Built
2016
Price
$14,249,673 CAD
Price Per SF
$1,899.96 CAD
Cap Rate
6.25%
NOI
$890,605 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.75
Lot Size
0.23 AC
Zoning
CA
Parking
15 Spaces (2 Spaces per 1,000 SF Leased)
Frontage
300’ on CENTRAL PARK AVE.
AMENITIES
- Banking
- Corner Lot
PROPERTY TAXES
| Parcel Number | 2689-008-530-00362-000-0005 | Improvements Assessment | $1,421,865 CAD |
| Land Assessment | $695,200 CAD | Total Assessment | $2,117,064 CAD |
PROPERTY TAXES
Parcel Number
2689-008-530-00362-000-0005
Land Assessment
$695,200 CAD
Improvements Assessment
$1,421,865 CAD
Total Assessment
$2,117,064 CAD
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