2441 Boston Road

Jones Lang LaSalle (JLL) has been retained on an exclusive basis to sell 2441 Boston Road, Bronx, NY, a two-tenant retail strip center anchored by Harbor Freight Tools. The property is block-through between White Plains & Boston Roads, both of which are heavily trafficked retail corridors located just one block south of the Allerton Avenue MTA #2 & #5 trains. The property has been in the same family since 1961.

The property is a single-story, 23,225 square foot, newly renovated building that sits on a combined 47,096 square foot lot and is leased to two tenants, Harbor Freight Tools and Max Deals. The Property benefits from having a half-acre of dedicated parking (~50 spaces) and frontage on both White Plains and Boston Roads. There are three curb cuts at the property, two of which are on the Boston Road side, and one on White Plains Road.

The anchor tenant, Harbor Freight Tools, a leading American discount tools and goods retailer has locations in 48 states and over 1,600 stores, and a top line revenue of $8 billion. Harbor Freight Tools has been at this location for ~15 years and has an additional two, 5-year extension periods that run through 2037. Harbor Freight Tools is responsible for their proportionate share of real estate taxes above their respective base year. Additionally, Harbor Freight reimburses the landlord for both Common Area Maintenance and insurance. The smaller co-tenant, Max Deals, will be vacating their space at the end of 2026, creating an opportunity to release a fully renovated space at a higher rent.

The property is zoned C8-1, allowing for up to 47,096 square feet of commercial development. Given the large lot size and exceptional location this property offers, it makes for a very appealing rezoning / ULURP candidate to allow for future residential development after lease expirations, for potentially much larger density. The property is a mere one-minute walk from the MTA #2 & #5 Allerton train station, which recorded an annual ridership of approximately 800,000 in 2024. The property is also serviced by numerous bus lines that include: Bx30, Bx39, Bx12, BxM11 & more.

2441 Boston Road presents an attractive opportunity to acquire a cash-flowing asset with credit tenancy in a prime, transit oriented retail corridor in the north Bronx.