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Bank

TD Bank

193 E Main St, Mount Kisco, NY 10549

Listing Price: $6,850,000

Cap Rate
4.67%
Tenant Name
TD Bank
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Ground Lease
Rent Per Square Feet
$80.00

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase a TD Bank which is subject to a long-term ground lease. The property consists of two parcels located at 193 East Main Street, Mount Kisco, NY. The total land square footage is 20,927 with the bank and parking parcels containing 15,830 and 5,097 square feet, respectively. This net leased TD Bank has a primary lease term expiring on March 31, 2031, and is followed by three ,five-year extension options. Located 43 miles north of New York City ,Mount Kisco is one of Westchester’s most lively areas. It serves as a premier destination for shopping, fine dining ,entertainment, and award-winning medical care. Residents and visitors value this tight-knit community, considering it a little village with a big heart. TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations.

Investment Highlights

  • Investment Grade Credit Tenant "AA-" Rating by S&P
  • Triple-Net Lease –Zero Landlord Responsibility
  • Recently Executed Ten Year Lease Extension –Showing Strong Commitment to Site
  • Frontage on East Main Street –13,800+ Vehicles Per Day
  • Average Household Income of $157K Within Three Mile Radius
  • Strong Deposits in Excess of $300M
  • Ample On-Site Parking

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Listing Price: $6,850,000

Cap Rate
4.67%
Tenant Name
TD Bank
Years Remaining On Lease
9.8
Guarantor
Corporate Guarantee
Rentable SF
4,000
Lease Type
Ground Lease
Rent Per Square Feet
$80.00

Investment Highlights

  • Investment Grade Credit Tenant "AA-" Rating by S&P
  • Triple-Net Lease –Zero Landlord Responsibility
  • Recently Executed Ten Year Lease Extension –Showing Strong Commitment to Site
  • Frontage on East Main Street –13,800+ Vehicles Per Day
  • Average Household Income of $157K Within Three Mile Radius
  • Strong Deposits in Excess of $300M
  • Ample On-Site Parking

Investment Overview

Marcus & Millichap is pleased to present an opportunity to purchase a TD Bank which is subject to a long-term ground lease. The property consists of two parcels located at 193 East Main Street, Mount Kisco, NY. The total land square footage is 20,927 with the bank and parking parcels containing 15,830 and 5,097 square feet, respectively. This net leased TD Bank has a primary lease term expiring on March 31, 2031, and is followed by three ,five-year extension options. Located 43 miles north of New York City ,Mount Kisco is one of Westchester’s most lively areas. It serves as a premier destination for shopping, fine dining ,entertainment, and award-winning medical care. Residents and visitors value this tight-knit community, considering it a little village with a big heart. TD Bank, America's Most Convenient Bank, is one of the 10 largest banks in the United States, providing more than 9.5 million customers with a full range of retail, small business and commercial banking products and services at more than 1,220 convenient locations.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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