EXECUTIVE SUMMARY:
Marcus & Millichap is pleased to present the exclusive offering of the single tenant retail condominium at 738 Broadway (the “Property”), a prime approximately 3,850 square foot retail asset located along the Broadway corridor in NoHo, directly across from New York University.
The Property is leased to Caffeena Coffee House under a recently executed 10-year net lease, providing stable long-term cash flow with built-in annual rent increases. The tenant is making a significant capital investment into the space, reinforcing long-term commitment to the location.
Positioned in one of Manhattan’s most heavily trafficked retail corridors, the Property benefits from exceptional visibility, strong frontage, and continuous pedestrian traffic driven by NYU’s student population, surrounding residential density, and national retailers.