Former Walgreens

Investment Overview

Investment Highlights

• Exceptional Bronx Parking & Drive-Thru — Approximately 100 on-site parking spaces plus an existing drive-thru, offering an extremely rare combination for a freestanding NYC retail property.
• 37+ Years of Site Control – Leasehold interest extends through October 31, 2063, providing substantial remaining term and flexibility for a long-term tenant.
• Highly Visible Signalized Location – The property is positioned at Soundview Avenue and Story Avenue, with traffic counts of approximately 7,700+ VPD on Soundview Avenue and 17,048+ VPD on Story Avenue.
• Established Retail Trade Area – The surrounding corridor includes numerous national retailers and service tenants, including CVS, McDonald’s, Dunkin’, Popeyes, Aldi, Burlington, Chase, T-Mobile, AT&T, and others.
• Substantial Bronx Retail Density – The property benefits from a densely developed surrounding residential base that supports significant consumer traffic and commercial activity.
• Strategic NYC Location – The Bronx provides direct connectivity to Manhattan, Westchester County, and the broader Tri-State region through major roadways, subway lines, and Metro North service.