Fresenius - Bronx, NY
3160 Webster Ave Bronx , NY 10467-4902

Fresenius - Bronx, NY - retail for sale

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Overview



Single tenant retail condo opportunity for sale in The Bedford, a newly constructed 60-unit residential building in the Bronx. Located on the ground level along Webster Avenue, one of the longest thoroughfares in the Bronx. Property is leased to New York Dialysis Services, Inc. d/b/a Fresenius Medical Care. Neighboring tenants include Bedford Park Elementary School, Fordham University, James J. Peters VA Medical Center, Montefiore Medical Center and Manhattan College. Close proximity to the 205th Street subway station. This offering represents an exceptional opportunity to acquire a valuable property, with strong lease fundamentals, leased to an investment-grade tenant.

Investment highlights


  • Fee simple interest
  • Single tenant retail condo in newly constructed 60-unit residential building in the Bronx
  • Brand new 15-year lease with 2 % annual increases starting in year 3
  • Tenant has corporate guarantee from Fresenius Medical Care
General
Property type Retail
Property subtype Single tenant/Standalone
Tenure type Sale/Purchase
Property address 3160 Webster Ave, Bronx, NY 10467-4902
Market New York
Building size 10,000  ft2
Year built 2018
Financial
Price $8,100,000
Cap rate 5.56%
Current NOI $450,000.00
Lease
Tenant's name New York Dialysis Services, Inc.
Guarantor Fresenius Medical Care AG & Company KGaA
Lease type NNN
Annual rent $450,000.00
Lease expiration date 12/31/2033
Remaining term 14.1Yrs

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