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3372 Old Crompond Rd, Yorktown Heights, NY, 10598

Hajoca
$3,887,428

Key Information

Cap Rate
7%
$ per SF
$431
Tot. SF
9,000
Year Built
2017
Term Remaining
5
Type
Industrial
NOI
$272,120

Highlights

  • Attractive Pricing and Yield – Offered at $3,887,428, representing a 7.00% cap rate, delivering strong in-place cash flow backed by a national credit tenant.
  • Secure Lease Structure – Triple-net lease in place through 2030 with 3% annual rent escalations and a 5-year renewal option, providing predictable, inflation-hedged income with limited landlord obligations.
  • Modern Construction – Constructed in 2017, the ±9,000 SF masonry building occupies a ±1.76 AC site with low ±11.74% site coverage, supporting long-term residual land value.

Tenant Highlights – Hajoca

  • National Credit Strength – Tenant is Hajoca Corporation, one of the largest plumbing distributors in the U.S., operating 450+ locations nationwide.
  • Trusted Local Brand – Locally operating as Best Plumbing, Tile & Stone, the tenant is the top-ranked plumbing fixtures and supplies retailer in Yorktown Heights.
  • Diverse Customer Base – Services both residential and trade customers through a high-end show room, professional design consultation, and delivery capabilities.
  • Stable Operator – Established presence with a strong track record and reputation in the northern Westchester market, underscoring operational stability.
  • Reliable Income Growth – Lease features fixed annual rent escalations, ensuring consistent income growth and long-term revenue predictability.

Area Highlights

  • Premier Westchester Location – Strategically located in Westchester County, one of New York’s most affluent suburban markets, with average household incomes exceeding $189,076 within a ±5-mile radius.
  • Prime Frontage and Visibility – ±132 feet of direct frontage along Old Crompond Road/Route 202, offering exceptional visibility and continuous brand exposure.
  • High-Traffic Corridor – Positioned along one of northern Westchester primary east–west arteries, facilitating access for residential communities, daily commuters, and regional commercial activity.
  • Regional Growth Market– Yorktown Heights benefits from a stable population base, high homeownership levels, and sustained demand for specialty retail and service providers, reinforcing tenant performance.

Photos

Location

Agents

Broker of Record

Cory Rosenthal

License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203