INVESTMENT WITH UPSIDE

Transcription

1 INVESTMENT WITH UPSIDE OFFERING MEMORANDUM Elephant Trunk Building 111 East Main Street Mount Kisco, NY $2,350,000 For More Information, Please Contact: Rick Stassa All information furnished herein is from sources deemed reliable. No warranty or representation is made to the accuracy thereof and it is submitted subject to errors, omissions and/or changes without notice.

2 PROPERTY SUMMARY PROPERTY: AVAILABLE: TENANTS: NEIGHBORING RETAILERS: 9,669 square foot retail building 100% Leased Elephant s Trunk*, Juliet Lingerie & Rise Above Flotation Starbucks, Chico s, Bank of America, Key Bank, Citibank, Gap and more TRAFFIC COUNT: 16,238 Cars Per Day on Main Street PARKING: 13 Private Spaces Plus Street Parking ADDITIONAL INFORMATION: 50 Frontage on Main Street Walking Distance to Metro North Train & Bus Handicap Passenger Elevator ZONING: CB-2 ANNUAL PROPERTY TAXES: $55,305 in 2016 ASKING PRICE: $2,350,000 *Elephant Trunk has 5 year lease plus 5 year option at below market rent. obtain possession of this space with 6 months notice. Owner has right to

3 The Location NEIGHBORHOOD BACKGROUND Mt. Kisco is a vibrant retail town in Northern Westchester. Retailers in immediate proximity to the building include AT&T, Bow Tie Cinemas, Party City and Modell s which opened in the late summer this year. Mount Kisco also has a retail corridor lined with shopping centers on Route 117 which includes Target, Stop & Shop, and Applebee s. Another prominent shopping district in Mount Kisco is South Moger Avenue. Starbucks, The Gap and LensCrafters are on this street. The property is in walking distance to the Metro North Train Station and his close proximity to both the Saw Mill River Parkway and I Demos There are approximately 54,147 people living in Mount Kisco, NY. Income The average household income is $223,329.

4 ELEPHANTS TRUNK Elephant trunk is a unique clothing and accessory store that has been serving Moms of the Bride/Groom, Moms of the Bar/Bat Mitzvah child, and women attending Black Tie events since JULIET LINGERIE TENANTS Juliet Lingerie & Swimwear has knowledgeable bra fitters to assist in finding the perfect fit and style for every woman. They have an extensive and elite selection of bras. For women looking for swimwear options, there is always something new in the store. They carry swimwear throughout the year. Cover ups, pareos and skirts are available, also. RISE ABOVE FLOTATION Rise Above Flotation features 8 x 4 bathtubs in which the customer floats in a combination of water and Epsom salts. The buoyancy puts one s body to what is essentially zero gravity environments: your muscles and bones get relaxed, your joints and spine decompresses and the strain on your circulatory system is greatly reduced. Rise above flotation opened in June

5 AERIAL 111 EAST MAIN STREET MOUNT KISCO, NY