

Listed by Matthews
$3,887,428
Best Plumbing Tile and Stone (Hajoca)
Details
Property Type Industrial, Retail
Sub Type Storefront
Square Footage 9,000
Net Rentable (SqFt) 9,000
Cap Rate 7.21%
NOI $280,284
Tenancy Single
Lease Type NNN
Remaining Term 5
Price per SqFt $432
Year Built 2017
Acreage 1.760
Zoning R-3
Parking Spaces spaces
Hajoca Corporation | 7.21% Cap Rate | 3% Annual rent Increases
Investment highlights
- Attractive Pricing and Yield – Offered at $3,887,428, representing a 7.21% cap rate, delivering strong in-place cash flow backed by a national credit tenant.
- Secure Lease Structure – Triple-net lease in place through 2030 with 3% annual rent escalations and a 5-year renewal option, providing predictable, inflation-hedged income with limited landlord obligations.
- Modern Construction – Constructed in 2017, the ±9,000 SF masonry building occupies a ±1.76 AC site with low ±11.74% site coverage, supporting long-term residual land value.
Tenant Highlights – Hajoca
- National Credit Strength – Tenant is Hajoca Corporation, one of the largest plumbing distributors in the U.S., operating 450+ locations nationwide.
- Trusted Local Brand – Locally operating as Best Plumbing, Tile & Stone, the tenant is the top-ranked plumbing fixtures and supplies retailer in Yorktown Heights.
- Diverse Customer Base – Services both residential and trade customers through a high-end show room, professional design consultation, and delivery capabilities.
- Stable Operator – Established presence with a strong track record and reputation in the northern Westchester market, underscoring operational stability.
- Reliable Income Growth – Lease features fixed annual rent escalations, ensuring consistent income growth and long-term revenue predictability.
Area Highlights
- Premier Westchester Location – Strategically located in Westchester County, one of New York’s most affluent suburban markets, with average household incomes exceeding $189,076 within a ±5-mile radius.
- Prime Frontage and Visibility – ±132 feet of direct frontage along Old Crompond Road/Route 202, offering exceptional visibility and continuous brand exposure.
- High-Traffic Corridor – Positioned along one of northern Westchester primary east–west arteries, facilitating access for residential communities, daily commuters, and regional commercial activity.
- Regional Growth Market– Yorktown Heights benefits from a stable population base, high homeownership levels, and sustained demand for specialty retail and service providers, reinforcing tenant performance.
Listing Contacts


Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$280,284.00
$23,357.00/mo
Valuation Metrics
0
DSCR
7.21%
Cap Rate
7.21%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Is there information that looks off?





