[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.
No comments:
Post a Comment
Your remarks and lively debates are welcome, whether supportive or critical of the views herein. Your articulate, well-informed remarks that are relevant to an article are welcome.
However, commentary that is intended to "flame" or attack, that contains violence, racist comments and potential libel will not be published. Facts are helpful.
If you'd like to make personal attacks and libelous claims against people and businesses, then you may do so on your own social media accounts. Also, comments predicting when a new business will close ("I give it six weeks") will not be approved.