NNN Property with Medical
For Sale
Contact for pricing
Pending
3510 Johnson Ave, Bronx, NY 10463
Dual-tenant commercial asset with corporate guarantees, long-term leases, and annual contractual rent increases.
Property SizeContact for details
Days on Market142
Property Features for 3510 Johnson Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Public Transit
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Manhattan
Listed By:
Steven Siegel · License #NY 30SI0857139
Source:
Crexi
Added: Apr 12
Changed: Aug 30
Last Checked: Aug 30 at 3:31AM
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 Marcus & Millichap - Manhattan
Investment Insights
Based on property information with market context.
This dual-tenant commercial property is occupied by Bank of America under an original 1965 NNN lease with 10 years remaining and a 10% increase scheduled in Year 5. The medical tenant operates under an original 1998 NN lease with 8 years remaining and 3% annual increases. Both occupancies include corporate guarantees, with stated S&P credit ratings of A+ for Bank of America and BBB for the medical tenant.
The property is located at 3510 Johnson Ave in the Bronx, with access to New York City via the Broadway/Seventh Avenue Line and Metro-North service available at two stations. Starbucks, CVS, Capital One, HSBC, Dunkin’, Walgreens, and Key Food are located within a 1-block radius. The surrounding area includes 74,721 people within 1 mile and 731,845 people within 3 miles, with average household income exceeding $96,152 within 1 mile.
The property is located at 3510 Johnson Ave in the Bronx, with access to New York City via the Broadway/Seventh Avenue Line and Metro-North service available at two stations. Starbucks, CVS, Capital One, HSBC, Dunkin’, Walgreens, and Key Food are located within a 1-block radius. The surrounding area includes 74,721 people within 1 mile and 731,845 people within 3 miles, with average household income exceeding $96,152 within 1 mile.
Key Highlights
- Bank of America lease has 10 years remaining with a 10% increase in Year 5
- Medical tenant lease has 8 years remaining with 3% annual increases
- Corporate guarantees and stated S&P ratings of A+ and BBB
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,835
Businesses Nearby
Explore this area
Business Placement
Demographics for 10463, NY
71,301
Population
30,602
Households
2.3
Avg Household Size
41
Median Age
44%
College-Educated
85%
High-School Grad
2.8 sq mi
ZIP Area
25,465
Density / Sq Mi
$72,952
Median Household Income
$48,409
Median Earnings
$1,611
Median Rent
$352,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Dual-tenant commercial asset with corporate guarantees, long-term leases, and annual contractual rent increases.
Where is this nnn property located?
The property is located at 3510 Johnson Ave Bronx, NY.
What are key features of this property?
This property features: Bank of America lease has 10 years remaining with a 10% increase in Year 5; Medical tenant lease has 8 years remaining with 3% annual increases; Corporate guarantees and stated S&P ratings of A+ and BBB
