37 E Main St - Convenience Store FOR SALE


Elmsford, NY 10523
$4,070,000 USD
727-452-6864
37 E Main St, Elmsford, NY for Sale
$4,070,000 USD
Convenience Store - FOR SALE
1/4
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 offering for sale a 3,160 SF commercial property at 37 East Main Street in Elmsford, NY, leased to 7-Eleven in the New York City MSA. Built in 2021, the property operates under a 15-year absolute NNN lease with 10 years remaining, 10% rent increases every five years, and four 5-year renewal options, providing stable, management-free income. The high-performing location ranks in the top 17% nationwide by visits and benefits from strong demographics, making it an attractive investment with a national credit tenant.

FOR SALE DETAILS

PRICE

$4,070,000 USD

PRICE/SF

$1,288 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 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.