Bronxville, NY

FOR SALE: 12 Cedar Street

ABSOLUTE NNN PURCHASE OPPORTUNITY | 20-YEAR INCOME STREAM

Admiral Real Estate Services is exclusively marketing the ACME Market site located at 12 Cedar Street in downtown Bronxville, NY.  This rare Bronxville investment property boasts a 20-year income stream, as the current tenant, ACME Markets has had tenancy since 1974 with the current lease in place until 2043.  This investment is an ideal, nearly management free investment opportunity which is perfect for 1031 requirements or those who wish to shed management responsibilities while keeping income.

cap rate & noi

The cap rate for this Bronxville investment property is 5.5% and with a NOI of $1,415,040.  Further, ACME Markets is guaranteed by Albertsons Companies.

rare opportunity

Due to the stability and affluence of Bronxville, commercial buildings seldom trade.  This Bronxville investment property is the only large, stand-alone NNN leased building in the Village. Additionally, Bronxville zoning laws are very restrictive.  Further, 12 Cedar Street is the only large grocery site allowed in Bronxville. Essentially, this is a strong passive investment with excellent 1031 exchange potential and a secure way to shelter capital gains.

about bronxville, NY (westchester county)

Concentrated in one square mile, Bronxville is a uniquely walkable village. Homes and apartments are within waking distance of town, where shoppers can walk between the movie theater, restaurants, boutiques, offices, banks, salons, fitness, dry cleaners, and the grocery store all within a couple of blocks. Bronxville is one of the wealthiest and sought-after suburbs of NYC.  This historic and affluent village bears extremely high barriers to entry.

quick facts

• Rare absolute NNN purchase opportunity
• 20-year income stream ACME Markets has had tenancy since 1974 with the current lease in place until 2043
• 5.5% Cap Rate
• $1,415,040 NOI
• ACME Markets is guaranteed by Albertsons Companies
• Bronxville commercial buildings seldom trade
• Site is the only large grocery site allowed in Bronxville
• Strong passive investment
• Excellent 1031 exchange potential
• Secure way to shelter capital gains
• The site is located near CVS and Starbucks

contact

For more information on this Bronxville investment property, contact Jonathan Gordon, CCIM, MSRE and President and CEO of Admiral Real Estate Services Corp..