CBRE, engaged as the exclusive agent for Ownership, is pleased to offer for sale the leasehold interest 286 Lenox Avenue, in the heart of Manhattan’s Harlem neighborhood (“The Property”). The Property is a recently developed, four-story mixed-use retail and office building located on Lenox Avenue between West 124th and 125th Streets. The property is anchored by a long-term lease with Wells Fargo, a tenant with A+ credit according to the S&P Global credit rating agency. The office component is leased to two captive healthcare sector tenants, Visiting Nurses Services and the Child Mind Institute. The Property offers 44 feet of frontage along Lenox Avenue, providing tremendous visibility and presence. The fully leased asset possesses over $7M in contractual cash flow, significantly derisking the investment. The Property is subject to a 99-year ground lease, which has fixed increased every five years, with one fair market reset in 2066. Harlem’s 125th Street is the center of the neighborhood’s incredible retail transformation. Home to major institutions, such as the Apollo Theater, this corridor has welcomed major national brands including Whole Foods, H&M, American Eagle, Burlington and Bath & Body Works. Additionally, several large-scale development projects are underway on the corridor, further amplifying the submarkets upward trajectory.