For Sale - LoopNet · Tijuana Mexican Grill Lalibela Sugar Rhum Azteca Frannie’s Goodie Shop Pour...
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For Sa 92 S Moger Avenue Mast Brothers Headquarters – 9,000 SF in Mt. Kisco, NY Rendering
Transcript of For Sale - LoopNet · Tijuana Mexican Grill Lalibela Sugar Rhum Azteca Frannie’s Goodie Shop Pour...
For Sale92 S Moger AvenueMast Brothers Headquarters – 9,000 SF in Mt. Kisco, NY
Rendering
DISCLAIMERAlthough information has been obtained from sources deemed reliable, neither Owner nor JLL makes any guarantees, warranties or representations, express or implied, as to the completeness or accuracy as to the informa-tion contained herein. Any projections, opinions, assumptions or estimates used are for example only. There may be differences between projected and actual results, and those differences may be material. The Property may be withdrawn without notice. Neither Owner nor JLL accepts any liability for any loss or damage suffered by any party resulting from reliance on this information. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2019. Jones Lang LaSalle IP, Inc. All rights reserved
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Croton Lake Road
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Carol Drive
Croton Avenue
Cross River Road
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Willets Road
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Meeting House Close
Old Roaring Brook Road
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Whitlaw Lane
Byram Lake Road
Sarles Street
Tacos La Cabana
Chopt Salad Co.
Badageoni Georgian Kitchen
Great Wall
Little Drunken Chef
5 Spice Tea House & Restaurant
Tijuana Mexican Grill
Lalibela
Sugar Rhum
AztecaFrannie’s Goodie Shop
Pour
Village Social Kitchen & Bar
El Tesoro American
Thai Angels
Mr Kisco Diner
Lefteris Gyro II
O’Connor’s Public HouseKisco River Eatery
Exit 4 Food Hall
28 Chinese
The Pastry Corner
Rincon Santaneco
Little Crepe StreetLatino American
Little Spice Bazaar
Oishii Bistro
NYC IN
1 HOUR << M
ETRO NORTH H
ARLEM LI
NE
S MOGER AVE RESTAURANTS & RETAIL
D’Errico Jewelry
Bargain Shoppe
Edible Arrangements
Amigo’s Gift ShopSuburban Floors
Davidson Interiors
Westchester House & Home
Gap Kids
Smoking King
Beer Noggin Mt Kisco
Chico’s
Richard Scott Salan & Spa
Mt Kisco Farm
Edenwald
Party CityKisco Vapors
New England Lumber
Active Force
Mr Kisco Sports
Elephant’s TrunkTommie Copper
Bicycle World
Halloween City
Lucy Mini Market
Hal Prince Music & Entertainment
92S MOGER AVE
Year End 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029End of Period Date 7/31/2020 7/31/2021 7/31/2022 7/31/2023 7/31/2024 7/31/2025 7/31/2026 7/31/2027 7/31/2028 7/31/2029
REVENUE $338,000 $338,000 $338,000 $346,450 $355,111 $363,989 $373,089 $382,416 $391,976 $401,776
OPERATING EXPENSESTaxes $53,134 $54,197 $55,280 $56,386 $57,514 $58,664 $59,837 $61,034 $62,255 $63,500Utilities - - - - - - - - - -Insurance $5,969 $6,088 $6,210 $6,334 $6,461 $6,590 $6,722 $6,857 $6,994 $7,134Legal & Accounting $4,118 $4,200 $4,284 $4,370 $4,457 $4,546 $4,637 $4,730 $4,825 $4,921Repairs & Maintenance $5,147 $5,250 $5,355 $5,462 $5,571 $5,683 $5,796 $5,912 $6,030 $6,151Misc. Expenses $2,599 $2,625 $2,651 $2,677 $2,704 $2,731 $2,759 $2,786 $2,814 $2,842TOTAL $70,966 $72,360 $73,781 $75,230 $76,707 $78,215 $79,752 $81,319 $82,918 $84,548
NOI $267,034 $265,640 $264,219 $271,220 $278,404 $285,774 $293,337 $301,097 $309,059 $317,228
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Financial snapshot
Contact exclusive agents
jll.com
28 Liberty Street, Suite 3000New York, NY 10005
Brendan MaddiganVice Chairman212 915 [email protected]
Stephen PalmeseVice Chairman212 915 [email protected]
Winfield CliffordManaging Director212 915 [email protected]
Michael MazzaraManaging Director212 915 [email protected]
Ethan StantonManaging Director212 915 [email protected]
Gabrielle DameAssociate212 915 [email protected]
Asking Price
Please Inquire Within
9,060 SFLot Size
9,000 GSFBuilding Square Footage
CB-1Zoning
1Story
80.24/3/6S/B/L
151’ x 60’Lot Dimensions
150’ x 60’Building Dimensions
JLL has been retained on an exclusive basis to arrange for the sale of 92 S Moger Avenue, a unique opportunity to acquire a fully renovated Mast Brothers headquarter space in Mt. Kisco, NY.
FLAGSHIP HEADQUARTER SPACE With square footage for both a retail store and on-site chocolate making, the Property is a unique asset to the Mt. Kisco area. The Property enjoys high visibility both by its central position in the shopping district and its location adjacent to the Metro North (with quick access to the boroughs) and two (2) local bus stops.
LEASE SUMMARY Asset will immediately generate $338,000 annually with 2.5% annual increases starting in year 4. Mast Brothers will occupy the space for a 20-year term. Tenant pays utilities.
NEW RENOVATION The 9,000 SF Property has undergone a complete renovation. Interior updates include complete electrical, HVAC and plumbing throughout, as well as a new interior layout and all new finishes. The exterior received a new roof as well as a full façade restoration and updated storefront installation.
BUSTLING DOWNTOWN The immediate area is a popular destination for tourists and locals alike with nationally recognized brand name retailers (T-Mobile, Starbucks, GAP, Chopt, Rite Aid), six banks, several hotels, and dozens of popular restaurants, bars and nightlife hotspots.
AN HOUR FROM GRAND CENTRAL The property is only 2 blocks (a 2-minute walk) form the Mount Kisco train station, and the Metro North Railroad Harlem line is about an hour to Grand Central Station in New York City. This makes Mt. Kisco well within reach for those commuting and reverse commuting to Manhattan and the Bronx.
For additional information, please contact exclusive agents
Stephen PalmeseVice Chairman212 915 7233
Brendan MaddiganVice Chairman212 915 7234
Winfield CliffordManaging Director
212 915 [email protected]
Michael MazzaraManaging Director
212 915 [email protected]
Ethan StantonManaging Director
212 915 [email protected]
Gabrielle DameAssociate
212 915 [email protected]
For Sale
92 S Moger Ave
