445 Main St, Mount Kisco, NY 10549
2,696 SF | Retail Building | Mount Kisco, NY 10549 | $3,170,000 ($1,176/SF) | 5.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,170,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,696 SF
- Price / Square Foot
- $1,176
Listing Contacts
Steven Siegel
Verified Profile
Philip Biancavilla
Verified Profile
Michael Kook
Verified Profile
- Property Info
Property Overview
Marcus and Millichap has been chosen to exclusively represent ownership in the sale of 445 Main Street, a triple-net leased Bareburger. This is an unparalleled investment opportunity to acquire a property in the vibrant village square of Mt. Kisco within the desirable NYC metro county of Westchester.
445 Main Street offers a unique chance to own a cornerstone of the local dining scene with a well-established tenant in place. This is a fee simple (land & building ownership) sale. Situated on a 0.82-acre lot, this property features a large parking lot with 33 spaces, providing convenience for customers and staff. The tenant recently executed a 5-year lease extension through June 30th, 2030. There is one remaining 5-year option in 2030 with a 15% rental increase. Bareburger has been at this location since 2015. There is a high barrier to entry for commercial tenants and, specifically, restaurants in Mt. Kisco. This Bareburger is a full-service restaurant and also benefits from a bar with a liquor license. Store sales are strong and are available upon request.
The property benefits from 183 feet of street frontage along Main Street, promoting accessibility and excellent visibility. Bareburger is located one mile from the Mt. Kisco Metro North Train Station stop with direct trains to Grand Central Station in under an hour. The property is also close to Route 684, which serves commuter traffic to and from the northern suburbs of the New York metropolitan area. The property is located near strong tenants such as CVS, T.D. Bank, Orangetheory Fitness, Starbucks, Dunkin Donuts and Target. The property sits across from Northern Westchester Hospital, a 245-bed hospital operated by Northwell Health.
The immediate area is supported by 23,500 people living within a 3-mile radius with an average household income of $209,842.
445 Main Street offers a unique chance to own a cornerstone of the local dining scene with a well-established tenant in place. This is a fee simple (land & building ownership) sale. Situated on a 0.82-acre lot, this property features a large parking lot with 33 spaces, providing convenience for customers and staff. The tenant recently executed a 5-year lease extension through June 30th, 2030. There is one remaining 5-year option in 2030 with a 15% rental increase. Bareburger has been at this location since 2015. There is a high barrier to entry for commercial tenants and, specifically, restaurants in Mt. Kisco. This Bareburger is a full-service restaurant and also benefits from a bar with a liquor license. Store sales are strong and are available upon request.
The property benefits from 183 feet of street frontage along Main Street, promoting accessibility and excellent visibility. Bareburger is located one mile from the Mt. Kisco Metro North Train Station stop with direct trains to Grand Central Station in under an hour. The property is also close to Route 684, which serves commuter traffic to and from the northern suburbs of the New York metropolitan area. The property is located near strong tenants such as CVS, T.D. Bank, Orangetheory Fitness, Starbucks, Dunkin Donuts and Target. The property sits across from Northern Westchester Hospital, a 245-bed hospital operated by Northwell Health.
The immediate area is supported by 23,500 people living within a 3-mile radius with an average household income of $209,842.
Property Details
- Class
- C
- Year Built
- 2000
- Stories
- 1
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 35,719 SF
Highlights
- Bareburger Has Been at This Location Since 2015 and Recently Executed a 5-Year Lease Extension One Year Early Through June 30th, 2030 (One Final 5-Yea
- High Barrier to Entry for Commercial Tenants in Mt. Kisco, One of Westchester's Most Affluent Towns
- Strong Store Sales, Available Upon Request
- This Bareburger is a Full-Service Restaurant and Benefits from a Bar with a Liquor License
- Located Across from Northern Westchester Hospital and One Mile Away from the Mt. Kisco Metro North Train Station Stop with Direct Trains to Manhattan
- The Immediate Area is Supported by 23,500 People Living Within a 3-Mile Radius with an Average Household Income of $209,842
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