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8-Tenant Bronx Retail Strip Center 1480-1488 Westchester Ave 10 000 pi² 100% Loué Commerce de détail Immeuble Bronx, NY 10472 11 645 000 $ CAD (1 164,50 $ CAD/pi²) 6,53% Taux de capitalisation

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Faits saillants de l'investissement

100 Percent Occupied ±10,000 SF Single-Story Retail Strip
Prime Retail Frontage Along One of the Bronx’s Most Heavily Traveled Corridors with 100 Feet of Visibility on Westchester Avenue

Eight-Tenant Roster Featuring Strong Annual Rent Increases and Proportionate Reimbursement of Real Estate Taxes
Transit-Oriented Location Two Blocks From the Elder Avenue Subway Station (6 Train)

Résumé de l'annonce

The subject offering is a 10,000 square foot single-story retail strip located on the corner of Westchester Avenue and Evergreen Avenue in the Bronx, New York. This 100 percent occupied retail property consists of eight units, with 100 feet of prime retail frontage along Westchester Avenue, one of the most heavily traveled streets in the Bronx.
All of the tenants in this multi-tenant offering have strong annual increases, and all the tenants reimburse for a proportionate share of real estate taxes. The site is located two blocks from the Elder Avenue Subway Station (6 Train). Westchester Avenue is lined with local and national retailers and is one of the most sought-after retail corridors in the Bronx. Neighboring tenants include Bank of America, Food Dynasty, Domino’s, Chase Bank, Rainbow and McDonald’s.
The site rests on a 10,000 square foot lot zoned C4-2/R6, which allows for an FAR of 3.4 for commercial (34,068 total buildable square feet) and an FAR of 2.43 for residential (24,348 total buildable square feet). This is an opportunity to acquire a fully occupied multi-tenant retail property with an outstanding tenant roster and solid in-place cash flow.