11 Riverdale Ave - Warehouse FOR SALE


Port Chester, NY 10573
$6,461,538 USD
332-345-4222
11 Riverdale Ave, Port Chester, NY for Sale
$6,461,538 USD
Warehouse - FOR SALE
1/2
null | 6.5% Cap Rate

11 Riverdale Ave
Port Chester, NY 10573


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease Signed at Closing
  • Two Percent (2%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Hydrogen Fitness located at 11 Riverdale Ave. in Port Chester, NY. The site consists of roughly 30,000 rentable square feet of building space on estimated 0.7-acre parcel of land. This Hydrogen Fitness is subject to a 20-year absolute triple-net (NNN) lease, which will commence upon close of escrow. The starting annual rent will be $420,000 and is scheduled to increase by 2% annually throughout the base term and in each of the 4, 5-year renewal options.

FOR SALE DETAILS

PRICE

$6,461,538 USD

PRICE/SF

$215 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hydrogen Fitness

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Health Club

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.7

LAND SF

30,492

ZONING

Light Industrial

APN/PARCEL ID

4801-136-000-00056-001-0049-0000000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.