4225 White Plains Rd - Storefront FOR SALE


Bronx, NY 10466- Wakefield
$10,515,564 USD
781-776-4010
4225 White Plains Rd, Bronx, NY for Sale
$10,515,564 USD
Storefront - FOR SALE
1/5
null | 6% Cap Rate

4225 White Plains Rd
Bronx, NY 10466
Wakefield


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Dynamic Tenant
  • Prime Retail Location
  • Transit Oriented Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant building located at 4225 White Plains Road in Bronx, New York (the “Property”). The two-tenant building is fully leased to Planet Fitness and MPJ Barbershop and contains 8,850 square feet. Planet Fitness signed a rare 15-year lease demonstrating their commitment to the site and the market. Planet Fitness has 14+ years remaining on their lease with three (3), 5-year renewal options. MPJ Barbershop has 8+ years remaining on their lease. Both tenants have modified net leases that provide attractive rent increases throughout the primary lease terms and renewal options. Planet Fitness and MPJ Barbershop are situated in an incredible urban infill location in the Wakefield neighborhood in the Bronx. The Property is positioned at the signalized intersection of East 234th Street with White Plains Road, a major north-south throughfare that runs the length of the Bronx. White Plains Road is home to an extensive array of national and local retailers, dining, and entertainment amenities within walking distance, all of which drive traffic to the area. Several municipal bus lines stop near the Property on White Plains Road, and the 233rd Street and Nereid Avenue Subway Stations, offering service on the 2 and 5 Trains through Manhattan and into Brooklyn, are both a short walk away.

FOR SALE DETAILS

PRICE

$10,515,564 USD

PRICE/SF

$1,188 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Planet Fitness - MPJ Barbershop

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

04995-0001

ASK ABOUT THIS PROPERTY

Brian AhrensHorvath & TremblayMore Info
781-776-4010

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Brian AhrensHorvath & TremblayMore Info
781-776-4010

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