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Shopping Strip

324 S Columbus Ave

324 S Columbus Ave, Mount Vernon, NY 10553

Listing Price: $1,100,000

Cap Rate
7.28%
Gross SF
3,550
Rentable SF
3,550
Price/Gross SF
$309.86
Lot Size
0.16 acres
Year Built
1962

Investment Overview

The subject offering is a 3,550 square foot four-tenant retail strip located on Columbus Avenue in Mount Vernon (Westchester County), NY. The property is 100 percent occupied. Every tenant has annual increases. The deli has a lease through 2030. The restaurant has a lease through 2026. They have an increase of $1,200 per year. The property has a C of O for five stores, the deli occupies two units. The medical supply company has 3 percent annual increases, and they have one (5) five-year option to renew. The salon has a lease through 2024, they also have annual rental increases. All the tenants pay their utilities directly, and all the tenants are responsible for their own exterior maintenance (i.e. snow removal, garbage, cleaning, etc). The property has 69 feet of retail frontage on S Columbus Avenue. It is located directly across the street from Graham Elementary School (K-8, 446 students), and it is surrounded by hundreds of housing units within just a few blocks. This is an opportunity to acquire a fully-occupied retail strip with a diversified tenant roster and annual increases.

Investment Highlights

  • 3,550 SF Retail Strip
  • Four Stores - 100% Occupied
  • 65 Feet of Retail Frontage

Exclusively Listed By

Financing By

Shopping Strip

324 S Columbus Ave

Listing Price: $1,100,000

Cap Rate
7.28%
Gross SF
3,550
Rentable SF
3,550
Price/Gross SF
$309.86
Lot Size
0.16 acres
Year Built
1962

Investment Highlights

  • 3,550 SF Retail Strip
  • Four Stores - 100% Occupied
  • 65 Feet of Retail Frontage

Investment Overview

The subject offering is a 3,550 square foot four-tenant retail strip located on Columbus Avenue in Mount Vernon (Westchester County), NY. The property is 100 percent occupied. Every tenant has annual increases. The deli has a lease through 2030. The restaurant has a lease through 2026. They have an increase of $1,200 per year. The property has a C of O for five stores, the deli occupies two units. The medical supply company has 3 percent annual increases, and they have one (5) five-year option to renew. The salon has a lease through 2024, they also have annual rental increases. All the tenants pay their utilities directly, and all the tenants are responsible for their own exterior maintenance (i.e. snow removal, garbage, cleaning, etc). The property has 69 feet of retail frontage on S Columbus Avenue. It is located directly across the street from Graham Elementary School (K-8, 446 students), and it is surrounded by hundreds of housing units within just a few blocks. This is an opportunity to acquire a fully-occupied retail strip with a diversified tenant roster and annual increases.

Exclusively Listed By

Financing By

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