Monday, February 3, 2020

You HAD your chance to buy the 7-Eleven retail space on the Bowery

[Same photo as last time]

Back on Nov. 26, we noted an investment opportunity for you involving the retail condo at 351 and 353 Bowery between Third Street and Fourth Street... home of the 7-Eleven.

The single-tenant retail condominium was going for $6,915,032. (I had the .032!)

Anyway, YOU ARE TOO LATE. Commercial Property Executive reported last week that the 2,156-square-foot retail space sold for $6.9 million to a "private investor."

Public records show that the building last traded in 2019, when the seller acquired it from HK Organization for $4.6 million.

This 7-Eleven opened in December 2011. The 7-Eleven recently extended their lease through December 2034, with contract terms featuring a 10 percent rent increase every five years.

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