13 Riverdale Ave - Retail FOR SALE


Port Chester, NY 10573- Rye Brook/Port Chester
$6,000,000 USD
215-603-6914
13 Riverdale Ave, Port Chester, NY for Sale
$6,000,000 USD
Retail - FOR SALE
1/13
null | 7% Cap Rate

13 Riverdale Ave
Port Chester, NY 10573
Rye Brook/Port Chester


HIGHLIGHTS

  • At the close of escrow, the tenant will sign a brand new 20-year NNN lease with 2% annual rental increases
  • At 31,416 square feet, Hydrogen Fitness is a massive facility offering ample space for premium fitness equipment, group classes, and luxury amenities
  • The upscale clientele of Greenwich supports strong membership retention and pricing, making this an ideal location for a luxury gym
  • Excellent NYC MSA demos. The population within a 5-mile radius exceeds 141,000, with an average household income surpassing $215,000
  • Located on Route 1, a crucial commercial corridor connecting Port Chester and Greenwich, running parallel to I-95 (129,700 VPD)
  • High-end amenities, including: Hydro Bar serving smoothies/healthy meals/beer & wine, medspa, valet parking, 24/7 access, golf simulator, and more

OVERVIEW

CBRE is pleased to exclusively present for sale this Hydrogen Fitness gym located at 13 Riverdale Avenue in Port Chester, New York. This 31,416-square-foot fitness facility sits on the state line between Port Chester, NY, and Greenwich, CT—one of the most affluent and desirable markets in the New York Metro area. Positioned along Route 1, a key commercial corridor running parallel to I-95 (129,700 VPD), the property enjoys exceptional visibility and accessibility. At the close of escrow, Hydrogen Fitness will execute a brand-new 20-year NNN lease with the new owner, providing long-term stability and a secure income stream. The lease includes 2% annual rental increases, ensuring consistent revenue growth over time. At just $190 per square foot, the property is priced below market value, making it an outstanding investment opportunity in a high-demand location. Hydrogen Fitness is a luxury gym catering to the high-income residents of Port Chester and Greenwich, where the average household income within one mile is $151,669. The gym offers an unparalleled fitness experience, featuring a Hydro Bar serving fresh smoothies, healthy meals, and beer and wine, a recovery lounge, golf and soccer simulators, a med spa, and 24/7 access. These premium amenities position Hydrogen Fitness as a best-in-class fitness destination with strong membership retention and pricing power. Operated by DJ Gym Port Chester LLC, Hydrogen Fitness is an established and growing brand known for its high-end facilities, state-of-the-art equipment, and exceptional cleanliness. With its prime location, affluent customer base, long-term lease with built-in rental growth, and extensive amenities, this investment represents a rare opportunity to acquire a premier fitness asset in one of the most sought-after markets in the region.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hydrogen Fitness | Greenwich, CT

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

85

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

CD-4

APN/PARCEL ID

4801-136-000-00056-001-0048-0000000,4801-136-000-00056-001-0049-0000000

ASK ABOUT THIS PROPERTY

Matthew GormanCBRE, Inc.More Info
215-603-6914

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Matthew GormanCBRE, Inc.More Info
215-603-6914

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.