281 Tarrytown Road
100% Occupied Automotive Anchor — 7.25% Cap Rate in White Plains, NY
Investment highlights
• Stable Cash Flow: The property is 100% occupied by established businesses, anchored by a successful AAMCO Transmissions & Total Car Care operator.
• Advantageous Lease Structure: Tenants are responsible for all utilities and non-structural repairs, ensuring net income growth over time.
• Anchor Tenant: The AAMCO lease includes annual rent increases tied to CPI (average 3.09% per year from 2016-2025). The tenant is responsible for 85% of tax increases over base year (2024).
• Strong Retail Corridor with Automotive Focus: Neighbors within 1 mile along Tarrytown Road include Tesla, Volkswagen, Kia, Nissan, Lexus, BMW, Infiniti, Mini, Land Rover, Volvo, Subaru, Lincoln, Mazda, Mavis, AutoZone, Enterprise, Harbor Freight, BJ’s, PGA Tour Superstore, HomeGoods, DSW, Men’s Warehouse, New Balance, Raymour & Flanigan, Bowlero, and Saks.
• Access to Major Thoroughfare: The on/off ramp for I-287 is less than half a mile away.
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