905 White Plains Road – 1901-1907 Story Avenue Bronx, New York
905 White Plains Road – 1901-1907 Story Avenue Bronx, New York
Soundview Bronx
40-year leasehold interest secured by a 100% occupied 17,300 GSF single-story retail building on five contiguous lots
| Type | Retail |
|---|---|
| Neighborhood | Soundview Bronx |
| Lot Size | 18,711 Square Feet |
| Stories | One Story |
| Units | Nine Commercial Tenants |
| Air Rights | 23,807 Square Feet |
Investment Highlights:
• A 40-year leasehold interest secured by a 100% occupied 17,300 GSF single-story retail building on five contiguous lots at the NW intersection of Story Avenue and White Plains Road with a WALT of roughly 9 years.
• The buildings contain nine tenants which are 100% occupied with a WALT of 8.9 years featuring nationally recognized credit tenants such as Dunkin’ Donuts, Popeyes, Wingstop & Vision Quest presenting investors with long-term, durable cash flow.
• Each tenant has built-in rent escalations and significant tax reimbursements, protecting investors from real estate tax increases after the expiration of the ICAP.
• 905 White Plains Road offers excellent frontage, providing excellent visibility and car/foot traffic
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