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Westchester County, New Yor...

Savage X Fenty Signs 10-Year Lease For Retail Space In Westchester County
LEASEDRetail

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

SF
Savage X FentyTenant

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