11 Riverdale Ave Port Chester, NY 10573

Exceptional investment opportunity: a 30,000 square foot Hydrogen Fitness Center in Port Chester, NY, at 11 Riverdale Ave, is available for purchase. This fee-simple property sits on a 0.7-acre lot and boasts a 20-year absolute triple-net (NNN) lease with a strong tenant. The current annual net operating income (NOI) is $420,000, yielding a 6.50% cap rate. The lease commenced upon closing and includes a 2% annual rent increase, ensuring consistent income growth. Four 5-year renewal options extend the potential lease term to 40 years. Built in 1946, the property has undergone significant tenant improvements, with the tenant investing approximately $1 million in renovations. The property also features additional customer amenities, including a car wash, valet parking, a chiropractor, oxygen aesthetics, a golf simulator, a sauna, and a massage therapist, enhancing its appeal and profitability. This is a rare opportunity to acquire a high-performing, long-term net-leased property with a strong tenant and significant upside potential. The asking price is $6,461,538.