Savage X Fenty Signs 10-Year Lease For Retail Space In Westchester County
Westchester County, New York, United States
$225
$225/SF
Building Size
3,300 SF
Asset Type
Retail
Closing
Feb 12, 2022
AI
The retail property located in Westchester County has recently been leased to Savage X Fenty, owned by Rihanna. The lease, which was finalized on 12/02/2022, is for a 10-year term. The property spans 3,300 square feet, with an asking rent of $225 per square foot.
Summary of Transation Details
- Property Type: Retail
- Transaction Amount: N/A
- Market: Westchester County
- Tenant: Savage X Fenty - Rihanna
- Lease Terms: 10-year lease
- Asking Rent: $225/ft.
- Square Footage: 3,300
- Date: 12/02/2022
Rihanna's brand, Savage X Fenty, will occupy the retail space, bringing their unique offerings to the local market. This lease agreement marks a significant milestone for the property, solidifying its future presence and potential for success in Westchester County.
Players
Bronxville Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
70502.22%
Cash-on-Cash
-20149.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93