LEASEDRetail
Whole Foods Signs 15-Year Lease For 9,000-Square-Foot Retail Space In Murray Hill
509 3rd Avenue
Building Size
9,000 SF
Asset Type
Retail
Closing
Aug 21, 2026
About this deal
AI
A retail space measuring 9,000 square feet is located at 509 3rd Avenue in Manhattan’s Murray Hill. This property is part of the Murray tower developed by Kahen Properties and Lalezarian Properties.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not Disclosed
- Date: 08/21/2026
- Landlord: Majid Kahen - Kahen Properties & Frank Lalezarian - Lalezarian Properties
- Tenant: Jason Buechel - Whole Foods
- Lease Terms: 15-year lease
Whole Foods Market is set to open one of its smaller Daily Shop-format stores at the leased location, signifying a strategic move in the retail market within the area.
Players
Tall Timbers 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93