This offering presents a rare chance to acquire a national retail tenant in a high-performing trade area with minimal landlord obligations. The tenant recently reaffirmed their commitment to this location through December 2029, with 2 (5-Year) renewal options and scheduled rent increases demonstrating the tenants long-term commitment to the location.
The property ranks in the top 88% percentile for foot traffic within the chain, drawing 167,300 annual visits (Placer.Ai). It benefits from being in a regional retail hub with a wide trade radius spanning Westchester County, Fairfield County (CT), and Northern NYC. White Plains three colleges, Pace University, Berkeley College, and Mercy College, add to the customer base.
Strategically positioned in a dense infill location, the site is surrounded by 107,000 residents within a three-mile radius, with an average household income of $150,000. Its location within a high-end retail corridor ensures strong consumer demand and sustained foot traffic. White Plains is experiencing significant redevelopment and rapid residential growth, with over 7,000 new housing units and a $10 million revitalization grant in 2024 to enhance commerce and infrastructure.
The investment offers a secure national tenant, built-in rent growth, high consumer traffic, and recent market investment, making it a stable and highly desirable investment in one of New York’s strongest retail corridors. Furthermore, the opportunity allows investors to purchase valuable covered land with long-term appreciation potential and future mixed-use or multifamily redevelopment opportunities.
Listed in association with Brian Brockman, Bang Realty, 513-898-1551, wg@bangrealty.com, NY DRE 10311208985.