37 E Main St - Office FOR SALE


Elmsford, NY 10523
$4,070,000 USD
727-452-6864
37 E Main St, Elmsford, NY for Sale
$4,070,000 USD
Office - FOR SALE
1/5
null | 5% Cap Rate

37 E Main St
Elmsford, NY 10523


HIGHLIGHTS

  • 7-Eleven is the world’s largest convenience store chain, operating, franchising, or licensing over 85,000 stores across 19 countries and regions
  • 7-Eleven is investment grade (S&P: A-) with over 13,000 locations in United States and Canada alone
  • Located at the signalized intersection of N Hillside Avenue and E Main Street
  • Annual average daily traffic count of 19,213 (AADT)
  • Situated within one mile of the Interstate-287 on-ramp, which sees a daily traffic volume of over 97,000 vehicles
  • Located in the NYC MSA, the largest metropolitan area in the United States with a population of over 20,000,000

OVERVIEW

RIPCO Real Estate is pleased to offer for sale 37 East Main Street, a 3,160 SF commercial property leased to 7-Eleven, located in Elmsford, NY which is part of the New York City MSA. This 7-Eleven location was built in 2021 and initially signed a 15-year absolute NNN lease with four 5-year options to extend. They currently have 10 years remaining on their initial term. The lease contains +10% rental increases every 5 years, providing the Landlord with management-free income and a built-in hedge against inflation. This 7-Eleven ranks in the top 17% of all 7-Eleven locations nationwide by visits (including gas sites), with over 239,000 annual visitors, according to Placer.ai. The property sits on the northwest corner of the signalized intersection of E Main Street and N Hillside Avenue. Within 3 miles of 7-Eleven, there is a population of 90,620 and an average household income of $198,427. The asset would be an attractive opportunity for investors looking for management-free income, with newer construction, and a strong national credit tenant within the largest metropolitan area in the country.

FOR SALE DETAILS

PRICE

$4,070,000 USD

PRICE/SF

$981 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

CR

APN/PARCEL ID

2605-005-040-00062-000-0007

ASK ABOUT THIS PROPERTY

Ari RaviRIPCO Real EstateMore Info
727-452-6864

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Ari RaviRIPCO Real EstateMore Info
727-452-6864

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