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.