3289 Westchester Avenue
Fully leased retail strip center in the Bronx anchored by Popeyes, offered at $4,750,000 at a 7.00% cap ($318,344 NOI). The three-unit property is positioned on a hard corner in Pelham Bay, directly across from the Pelham Bay Park Station on the 6 subway line, with immediate access to I-95. The asset generates stable, brand-backed income with minimal landlord responsibilities through a predominantly triple-net lease structure.
Built new, the 4,535 SF single-story building sits on a 6,000 SF corner lot zoned R7-1 C2-4. Both the Popeyes anchor and the convenience store tenant operate under full NNN leases, while the third retail unit is on a near-net lease covering insurance, water, sewer, and electricity. The location benefits from high foot traffic and transit accessibility, with the Pelham Bay neighborhood anchored by the adjacent 2,772-acre Pelham Bay Park.
- Fully leased, turnkey three-unit retail strip center
- Popeyes anchor tenant with full NNN lease
- Hard corner location directly across from Pelham Bay Park Station (6 subway line)
- Immediate I-95 access; high-traffic Pelham Bay neighborhood
- Predominantly triple-net lease structure; minimal landlord responsibilities
More property details
Location
Kassin Sabbagh Realty (KSR) proudly presents 3289 Westchester Avenue, a fully leased, turnkey retail strip center anchored by Popeyes and positioned on a prominent hard corner in the Pelham Bay neighborhood of the Bronx. Ideally located directly across from the Pelham Bay Park Station on the 6 subway line and just minutes from I-95, the newly constructed property spans approximately 4,535 square feet across three retail units.The asset generates stable, brand-backed income with limited landlord responsibilities through a predominantly triple-net (NNN) lease structure. Both the Popeyes anchor and the convenience store operate under full NNN leases, while the third tenant occupies the space under a near-net (NN) lease that reimburses insurance, water, sewer, and electricity expenses.