3575 Boston Rd
Bronx, NY 10469
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Long term absolute NNN lease guaranteed by Walgreens, with scheduled rental escalations in the base term.
- Irreplaceable real estate on U.S. Route 1 (Boston Road) with over 20,00 VPD, which closely parallels (I-95) with traffic counts (91,000+ VPD).
- Situated in the Bronx, NY, a very densely populated borough home to 1.5 million people.
- Top performer for Walgreens nationally, very low rent to sales ratio.
- Located in front of the Boston Road / Tiemann Avenue bus stop which accommodates over 6,700 passengers each day.
- This location grosses $6.3 million in revenue.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
10,495 SF
Building Class
B
Year Built
2004
Tenancy
Single
Building Height
1 Story
Building FAR
0.47
Lot Size
0.51 AC
Zoning
C8-1
Parking
22 Spaces (2.1 Spaces per 1,000 SF Leased)
Frontage
342’ on Boston Rd
PROPERTY TAXES
| Parcel Number | 04729-0001 | Improvements Assessment | $386,100 |
| Land Assessment | $351,000 | Total Assessment | $737,100 |
