ACME Markets | 12-14 Cedar St
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ACME Markets 12-14 Cedar St
32,160 SF Retail Building Bronxville, NY 10708 For Sale
Investment Highlights
- Absolute NNN purchase opportunity
- Nearly management free investment opportunity
- Tenant in place until 2043
- 5.5% Cap Rate | $1,415,040 NOI
Executive Summary
Rare absolute NNN purchase opportunity. (20) year income stream ACME Markets has had tenancy since 1974 with the current lease in place until 2043. Cap Rate: 5.5%. NOI: $1,415,040. 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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Supermarket
Building Size
32,160 SF
Building Class
C
Year Built
1974
Tenancy
Single
Building Height
1 Story
Building FAR
0.76
Land Acres
0.97 AC
Zoning
BA
Frontage
231 ft on Cedar St
Amenities
- Bus Line
- Commuter Rail
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
1 of 7
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ACME Markets | 12-14 Cedar St
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