3682 White Plains Road
Retail | 7.50% CAP | 2,156 SqFt
Marketing description
The Corcoran Group is pleased to present 3682 White Plains Road, a fully occupied, two-unit commercial retail strip in the Williamsbridge neighborhood of the Bronx. The property features two long-term retail tenants — Elegant Hair Studio and Nail Salon by Lilly — both operating under multi-year leases with scheduled rent escalations. The building generates stable, predictable income with tenants responsible for their own utilities, creating an attractive, low-management investment profile.
Both tenants provide water and real estate tax reimbursements, further insulating the owner from operating cost exposure. With an asking price of $752,814, a net operating income of approximately $56,693, and an in-place cap rate of approximately 7.5%, 3682 White Plains Road represents a compelling opportunity for investors seeking stabilized retail income in a high-foot-traffic corridor along one of the Bronx's most active commercial avenues.
Investment highlights
- Fully occupied, two-unit commercial retail strip
- Two long-term retail tenants with multi-year leases
- Scheduled rent escalations
- Tenants responsible for their own utilities
- Low-management investment profile
- Water and real estate tax reimbursements from both tenants
- Stabilized retail income in high-foot-traffic corridor
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