Drive-Through Restaurant with NNN
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For Sale
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5805 Broadway, Bronx, NY 10463
Single-story quick-service restaurant occupied by Wendy's under a corporate-guaranteed absolute NNN ground lease.
Property Size2,389 SF
Lot Size0.31 Acres
Price / SF$1,967
Days on Market7
Property Features for 5805 Broadway
General Information
Standard status
Active
Size
2,389 SF
Class
A
Lot size
0.31 Acres
Property subtype
Retail
Zoning
CB-2
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$258,500
Site & Location
Drive-Thru
Yes
Road Access
Yes
Building Details
Year Built
2019
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
RIPCO Real Estate New York
(516) 647-7155
Listed By:
Kevin Schmitz · License #NY 10401284640
Source:
Crexi
Added: Aug 26
Changed: Aug 31
Last Checked: Aug 31 at 9:01AM
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 RIPCO Real Estate New York
Investment Insights
Based on property information with market context.
This single-story drive-through restaurant occupies a ±2,389-square-foot building on a ±13,300-square-foot lot in the Bronx. Developed as a corporate build-to-suit, the property is leased to Wendy's under a corporate-guaranteed 10-year absolute NNN ground lease expiring in February 2030. Four additional 5-year renewal options include fixed 10% escalations and can extend the lease term through 2050.
The site occupies the signalized intersection of Broadway, Kingsbridge Avenue, and West 238th Street, with 171 feet of Broadway frontage and 211 feet along Kingsbridge Avenue. Riverdale Crossing is directly adjacent and includes BJ's Wholesale Club, Ace Hardware, and Petco. The 238th Street subway station on the 1 line is also nearby, complementing the site's vehicle and pedestrian exposure. Zoning is CB-2.
The site occupies the signalized intersection of Broadway, Kingsbridge Avenue, and West 238th Street, with 171 feet of Broadway frontage and 211 feet along Kingsbridge Avenue. Riverdale Crossing is directly adjacent and includes BJ's Wholesale Club, Ace Hardware, and Petco. The 238th Street subway station on the 1 line is also nearby, complementing the site's vehicle and pedestrian exposure. Zoning is CB-2.
Key Highlights
- ±2,389‑square‑foot single‑story drive‑through restaurant on a ±13,300‑square‑foot lot
- Wendy's tenancy backed by a corporate‑guaranteed 10‑year absolute NNN ground lease
- Four 5‑year renewal options with fixed 10% escalations extend the lease term through 2050
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,860
Businesses Nearby
491k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 36%
Superstores 23%
Shops & Services 16%
Groceries 13%
BJ's Wholesale Club
Superstores
112,995 visits/mo
0.2 miles
Stop & Shop
Groceries
48,053 visits/mo
0.3 miles
McDonald's
Dining
44,473 visits/mo
0.1 miles
Staples
Office Supplies
29,652 visits/mo
0.3 miles
Wendy's
Dining
28,255 visits/mo
0.1 miles
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 Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Single-story quick-service restaurant occupied by Wendy's under a corporate-guaranteed absolute NNN ground lease.
Where is this drive through restaurant located?
The property is located at 5805 Broadway Bronx, NY.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: ±2,389‑square‑foot single‑story drive‑through restaurant on a ±13,300‑square‑foot lot; Wendy's tenancy backed by a corporate‑guaranteed 10‑year absolute NNN ground lease; Four 5‑year renewal options with fixed 10% escalations extend the lease term through 2050
