2686 Broadway
New York, New York
Building
Stats
- Property Type Retail - Street Retail
- Building size (SF) 38,540
- Price $21,000,000
Overview
Avison Young, as exclusive agent, is pleased to offer for sale a retail condominium (the “Unit”) located at the base of The Rockwell, a stunning newly built 13-story luxury condominium residential tower on the corner of West 103rd Street and Broadway. The entire unit will be occupied by CVS, an investment grade tenant, with a fresh 15-year lease. Given its “essential retail” nature, the pharmacy sector is highly stable and profitable, offering investors an opportunity to enjoy many years of strong, stable cash flow.
Highlights
Unit Details: Corner asset with 84 feet of frontage on Broadway & Highly trafficked retail corridor
Fresh 15-Year Lease: Lease expiration in 2039
Investment Grade Credit Tenant
Proximity to Transportation: Directly across from 1 train at 103rd Street/Broadway and short distance from 96th Street Station servicing the 1, 2 and 3 train lines & Numerous bus lines operate along Broadway, including the M104, M116 and the M60 SBS
Situated within a 10-minute walk from Columbia University (approximately 35,000 with an additional 10,000 professors)
