7-Eleven-Anchored Convenience
For Sale
Contact for pricing
305 Central Avenue, White Plains, NY 10606
Established convenience-retail tenancy in a prominent Central Avenue commercial setting.
Property Size8,100 SF
Price / SF$481.48
Days on Market8
Property Features for 305 Central Avenue
General Information
Standard status
Active
Size
8,100 SF
Total Parking Spaces
18
Property subtype
Retail, Mixed Use
Occupancy
100%
Lease Type
Modified Gross
Investment Type
Stabilized
Net Operating Income
$216,369
Additional Details
Anchor Co-Tenants
7-Eleven
Building Details
Year Built
1961
Buildings
1
Units
3
Listing Agency:
Larch Road Realty Advisors, LLC
Listed By:
Rick Pastore · License #10491207368
Source:
Crexi
Added: Aug 5
Changed: Aug 11
Last Checked: Aug 11 at 6:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Larch Road Realty Advisors, LLC
Investment Insights
Based on property information with market context.
This 8,100-square-foot convenience-store property was built in 1961 and is occupied by 7-Eleven under a recently renewed lease. The established retail tenancy provides a clear operating profile within an existing commercial building.
Located at 305 Central Avenue in White Plains, the property sits within a retail and commercial corridor serving nearby residential areas, office users, and shopping centers. Central Avenue provides access to major transportation routes and connects the site with surrounding commercial activity in Westchester County.
Located at 305 Central Avenue in White Plains, the property sits within a retail and commercial corridor serving nearby residential areas, office users, and shopping centers. Central Avenue provides access to major transportation routes and connects the site with surrounding commercial activity in Westchester County.
Key Highlights
- 8,100 SF convenience‑store property
- 7‑Eleven lease recently renewed
- Built in 1961
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$171,270
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,425,400
$3.4M
Cap Rate 7%
$2,446,714
$2.4M
Cap Rate 9%
$1,903,000
$1.9M
Market Conditions
NOI Build-Up for 8,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$281.9K $34.80/SF
− Vacancy
−$37.2K −$4.59/SF
EGI
$244.7K $30.21/SF
− OpEx
−$73.4K −$9.06/SF
NOI
$171.3K $21.14/SF
Area
Westchester County, NY
Vacancy
13.20%
Lease Rate
$34.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,425,400
Cap Rate 7%
$2,446,714
Cap Rate 9%
$1,903,000
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,270 @ 7.0% cap · market cap 4.39%
Second Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,239 @ 7.0% cap · market cap 3.57%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
408k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Shops & Services 20%
Groceries 18%
Apparel 17%
H Mart
Groceries
74,509 visits/mo
0.2 miles
T.J. Maxx
Apparel
63,959 visits/mo
0.0 miles
Best Buy
Electronics
43,463 visits/mo
0.5 miles
McDonald's
Dining
43,199 visits/mo
0.1 miles
Michaels
Shops & Services
38,856 visits/mo
0.4 miles
Demographics for 10606, NY
16,929
Population
6,920
Households
2.4
Avg Household Size
38
Median Age
45%
College-Educated
85%
High-School Grad
1.5 sq mi
ZIP Area
11,286
Density / Sq Mi
$114,956
Median Household Income
$56,651
Median Earnings
$2,452
Median Rent
$667,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Magnotta Supermarket — 217 S Lexington Ave, White Plains, NY 10601
- The Food Emporium — 134 S Lexington Ave, White Plains, NY 10606
- Trader Joe's — 215 N Central Ave, Hartsdale, NY 10530
- H Mart Hartsdale — 371 N Central Ave, Hartsdale, NY 10530
- H Mart — 371 N Central Ave, Hartsdale, NY 10530
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Established convenience-retail tenancy in a prominent Central Avenue commercial setting.
Where is this grocery and convenience store located?
The property is located at 305 Central Avenue White Plains, NY.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: 8,100 SF convenience‑store property; 7‑Eleven lease recently renewed; Built in 1961
