Atlantic Capital Partners has been exclusively retained to
market 124 Chatsworth Ave for sale. Situated in the heart
of Larchmont, NY, this 3,111 SF property is 100% leased
to Riko’s Pizza. This unique asset is located in one of the
highest barriers to entry submarkets in the United States
and offers investors stable long-term cash flow supported
by 10 years of remaining lease term and contractual
rent increases. Founded in Stamford, CT in 2011, this
restaurant will be Riko’s 15th location and 10th in the
Tri-State area. Riko’s significant investment in the space
highlights their conviction and long-term commitment
to the market. The property is ideally situated on the
southeast corner of Chatsworth Ave and Palmer Ave in
downtown Larchmont, drawing from a 3-mile population
of 129,043 with a median household income exceeding
$189,438. The property is being offered for sale at
$3,737,000, free-and-clear of existing debt.