Listed by CBRE - Florham Park, CBRE - Saddle Brook
Unpriced
Family Dollar
Details
APN Block 2146 Lot 46
Property Type Retail
Sub Type Storefront
Square Footage 9,460
Net Rentable (SqFt) 9,460
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Expiration 09/29/2030
Rent Bumps Yes
Lease Options One 5-Year
Year Built 1970
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership 382 Warburton LLC
382 Warburton Ave, Yonkers, NY 10701
Marketing description
CBRE is pleased to offer investors the opportunity to acquire a stabilized Family Dollar Triple Nee (NNN) leased investment asset situated at 382 Warburton Ave, Yonkers, NY 10701. A freestanding Family Dollar operating under a triple net (NNN) lease in Yonkers, New York, the fourth-largest city in New York State and the dominant commercial hub of Westchester County, serving a growing consumer base of over 211,000 city residents.
Investment highlights
- Triple Net (NNN) Lease with a Corporate Guarantee
- Investment Grade Credit Tenant | Dollar Tree, Inc. Rated 'BBB' by S&P
- Rent Increases at Each Option Period | Built-In 10% Escalations
- Private On-Site Parking | Significant Competitive Advantage in Urban Westchester Market
- Irreplaceable Coastal Location | Zero New Retail Supply Constrained by Ocean & Bay Geography
Listing Contacts
Listed by CBRE - Florham Park, CBRE - Saddle Brook
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