Multi-Tenant Building

Walmart Outparcel with Premier Exposure: Strategically positioned along Pelham Parkway, a major retail thoroughfare with over ±33,700 vehicles per day, offering exceptional frontage, visibility, and accessibility.
Stabilized Multi-Tenant Asset: The property is fully stabilized with rents maintained at current market levels. The asset has been diligently maintained, reflecting institutional ownership standards and minimizing deferred maintenance concerns.
Established Tenant Roster: The majority of tenants have demonstrated long-term occupancy, contributing to stable in-place cash flow and reduced rollover risk. This tenant durability underscores the property’s strong location fundamentals and operational performance.
Recent Tenant Expansion: A key tenant—an automotive service operator—has expanded into the entire rear building, signaling operational success and long-term commitment to the site. This organic growth further enhances the property’s income profile and tenant retention outlook.
NN Lease Structure with Limited Landlord Obligations: The tenancy features predominantly double-net (NN) leases, significantly reducing ownership responsibilities and creating a more passive investment profile with predictable expense exposure.
Positioned in a High-Traffic, Core Retail Corridor: The property benefits from its location in a well-established retail node characterized by strong co-tenancy, consistent consumer traffic, and strong tenant demand. This corridor supports long-term leasing velocity and sustained rental growth.

Navigation Menu

Key Information

Highlights

Photos

Location

Agents

Broker of Record

Hutt Cooke