22 Westmoreland Ave
Retail | 6.00% CAP | 7,993 SqFt
Marketing description
RIPCO Real Estate has been retained on an exclusive basis to arrange for the sale of 22 Westmoreland Ave' White Plains, NY (the' Property'). Located in the heart of White Plains, NY, this prime free-standing commercial property offers exceptional visibility and accessibility in a thriving suburban market. The building features an on-site parking lot, providing convenient and ample parking for both customers and employees' an invaluable asset in a bustling urban environment.
Currently, the property is occupied by a long-term tenant, Advance Auto Parts, Inc., which has recently renewed its lease, reflecting the stability and desirability of the location for national retailers. This combination of strategic location, robust infrastructure, and tenant commitment makes the property an attractive opportunity for investors seeking a reliable income stream in a dynamic and growing market.
Investment highlights
- Long Term Tenant, Advance Auto Parts, Inc. The new lease renewal commitment underscores the tenant's long-term stability and continued presence at the location.
- Strategically Positioned in heart of Downtown White Plains, NY Advanced Auto Parts Tenant renewal adds operational convenience and reduces expenses for the property, enhancing long term value for buyer.
- Attractive Pricing and CAP Rate Offered at $3,233,604 with a 6% cap rate, presenting a rate opportunity to acquire a high-quality investment at affordable price point.
- Recession-Resilient Asset Vehicle service has historically performed well in all economic climates, ensuring stability during market fluctuations.
- Great Access The property benefits from multiple access points and dedicated immediate parking ensures convenient and seamless entry for potential customers.
- Parking One Site Parking Deck
- Gross Lot Sq. Ft. 13,362 SF
- Lot Acres 0.32 ac (approx.)
- Net Operating Income Monthly $16,168.02
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