684 Greenwich Street
684 Greenwich Street, New York, NY, 10014, US
642 mètres carrés
Descriptif
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.
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Attributs
Superficie du bâtiment nette
2 158 mètres carrés
Année de construction
1961
Superficie du terrain brute
4 375 mètres carrés
Média
Points forts de l'investissement
National and Credit Anchor Tenant
- Harbor Freight, has been the anchor tenant at this property for ~15 years, has an impressive sales history at this location and has already exercised its first 5-year option after the initial 10-year lease term
- Moody’s has Harbor Freight rated B1 (Corporate Family Rating), demonstrating strong corporate stability
- $8B in top line revenue with over 1,600 locations nationwide
Half Acre of Dedicated Parking
- The property has the largest parking lot in the submarket with 48 dedicated spaces
- Retail centers with parking are exceedingly rare in NYC, tenants heavily value parking and typically pay a premium when it is available
- The property has three curb cuts, two of which are on Boston Road and one on White Plains Road
Frontage and Visibility
- The property offers a combined 135’ of frontage between White Plains and Boston Roads with a large Pole sign
- The block-through lot offers tremendous street visibility, making for exceptional curb appeal for tenants in the center
- Harbor Freight & Max Deals have both renovated and modernized their spaces. Additionally, the Landlord has installed a new roof on the building, eliminating future Capex responsibility
Future Development Upside
- The large-scale nature of the lot (+47,000 SF) and exceptional location, uniquely positions this site to make for a great rezoning candidate for future residential development
- The increased demand for housing in NYC combined with exceedingly rare available large-scale properties, makes this one-acre site on the two major Bronx thoroughfares, appealing for future residential development when the Harbor Freight lease expires in 2037
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2441 Boston Road (0 Propriétés)
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Dernière mise à jour
13 janv. 2026
