145 Westchester Ave - Freestanding FOR SALE


White Plains, NY 10601
$9,416,874 USD
619-297-0055
145 Westchester Ave, White Plains, NY for Sale
$9,416,874 USD
Freestanding - FOR SALE
1/2
null | 8.35% Cap Rate

145 Westchester Ave
White Plains, NY 10601


HIGHLIGHTS

  • Recently reaffirmed their commitment to the location through December 31, 2029, with 2 (5-Year) renewal options and structured rent increases.
  • Adjacent to The Westchester (890K SF) and The Source (262K SF), anchored by national tenants such as Dicks Sporting Goods, Whole Foods, & Nordstrom.
  • The property ranks in the top 88% percentile for foot traffic within the chain, benefiting from 167,300 annual visits (Placer.Ai).
  • More than 7,000 recently built or under construction residential units and over 3,000 planned future units within 3 miles.
  • Direct access to I-287 & the Bronx River Parkway, with proximity to four major airports (JFK,LaGuardia, Newark, Westchester County Airport).
  • The opportunity lets investors buy covered land with long-term appreciation and redevelopment potential in Westchester.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$9,416,874 USD

PRICE/SF

$434 USD /SF

CAP RATE

8.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Container Store

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

B-1

APN/PARCEL ID

1700-126-069-00003-000-0001

ASK ABOUT THIS PROPERTY

Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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Jason PongsrikulPharma Property Group- Drugstore SpecialistsMore Info
619-297-0055

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