3360 Old Crompond Rd, Yorktown Heights, NY
Building for Sale | 6.75% Cap Rate | 2.5% Annual Rent Increases
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Investment Overview
3360 Old Crompond Road offers a rare opportunity to acquire a well-located retail property in Yorktown Heights, NY, occupied by Hudson Valley Steakhouse under a solid long-term lease. The sale includes real estate only, the restaurant business is not for sale.
Tenant & Lease Highlights
Hudson Valley Steakhouse currently has 5-years remaining on their lease with an additional 5-year option on the back end, providing stable income and long-term occupancy. The lease includes 2.5% annual rental increases, delivering consistent year-over-year growth.
Property Summary
Positioned along a high-visibility corridor with strong surrounding demographics, this property offers investors secure cash flow backed by an established restaurant operator in a proven location.
Key Points:
Sale is real estate only
Tenant: Hudson Valley Steakhouse
5-year term + 5-year option
2.5% annual rent bumps
NNN lease
Investment highlights
Area:
Located in the heart of Westchester County, one of New York’s wealthiest suburban markets, just 40 miles north of Manhattan.
Unmatched visibility with a combined 288 feet of prime frontage along Old Crompond Rd/Route 202, one of the busiest east–west corridors in northern Westchester.
Affluent demographics with average household incomes exceeding $150,000 within a 5-mile radius, directly supporting upscale dining and specialty retail tenants.
Regional destination appeal, drawing customers from across Westchester County with its mix of #1 ranked dining and specialty retail operators.
Tenant – Hudson Valley Steakhouse:
#1 Ranked in Market – The top-rated steakhouse in Yorktown Heights (OpenTable) with consistently high reviews across OpenTable, Yelp, and TripAdvisor, giving it a dominant position in the local dining scene.
Affluent & Loyal Clientele – The restaurant attracts a repeat customer base of affluent families and professionals who prefer premium local dining, ensuring steady revenue and long-term viability.
Long-Term Lease Security – Backed by a triple-net lease through 2030 with annual 2.5% rent escalations and a 5-year renewal option, providing investors with predictable income growth.
Proven Operator Success – The restaurant has built a strong reputation and brand recognition, reducing turnover risk and reinforcing its reliability as a safe, income-producing tenant.
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