Walgreens

5564 Broadway, Bronx, NY
Deal Type:
Net Lease
Price:
$9,530,240
Cap Rate:
5.00%
Current Rent:
$476,512
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 15 years
Renewal Options:
12, 5-year options
Building Sq. Ft.:
14,482 SF
Rent Increases:
5% every 5-years, including options
Site Size:
0.47 Acres
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners
  • walgreens stream capital partners

Investment Highlights

  • Long term absolute NNN lease guaranteed by Walgreens, with scheduled rental escalations in the base term. Top performer for Walgreens nationally, very low rent to sales ratio
  • Irreplaceable real estate on route 9 (Broadway), with easy access to bus, rail, subway and the Major Deegan Expressway (I87) with traffic counts of 189,000 VPD
  • Located beneath the 1 subway platform, which has a 1.1 million weekday ridership and next to MTA bus station on Broadway that has a 1.8 million weekday ridership
  • Situated in the Bronx, NY, a very densely populated borough home to $1.5 million people, which is 20% of New York City’s total population and has been the fastest growing county in all of NY State in the past 10 years at 26%
  • Adjacent to Broadway Plaza, a 114,000 sq. ft. shopping mall, with gated parking and a very replaceable rent ($32 psf)
  • This location grosses $9.0 Million in revenue

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
phil@stream-cp.com

Taylor Trepinski

Vice President
786 684 1975
Taylor@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

Broker of Record: Mike Antonoplos, NY Lic. #34AN1074933

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.







    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to phil@stream-cp.com.

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






      View All Listings