281 Tarrytown Rd - Retail FOR SALE
White Plains, NY 10607 |
$2,150,000 USD
718-554-0337
281 Tarrytown Rd
White Plains, NY 10607
HIGHLIGHTS
- Stable Cash Flow: The property is 100% occupied by established businesses, anchored by a successful AAMCO Transmissions & Total Car Care operator.
- Advantageous Lease Structure: Tenants are responsible for all utilities and non-structural repairs, ensuring net income growth over time.
- Access to Major Thoroughfare: The on/off ramp for I-287 is less than half a mile away.
- Anchor Tenant: The AAMCO lease includes annual rent increases tied to CPI (average 3.09% per year from 2016-2025).
- Strong Retail Corridor with Automotive Focus: Neighbors within 1 mile along Tarrytown Road include Tesla, Volkswagen, Kia, Nissan, Lexus and more.
FOR SALE DETAILS
PRICE
$2,150,000 USD
PRICE/SF
$548 USD /SF
CAP RATE
7.19%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Auto Repair, Service Station
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1956
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.26 AC
LAND SF
11,500 SF
ZONING
-
APN/PARCEL ID
2689-008-010-00008-000-0003
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718-554-0337
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718-554-0337
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