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Picture of Property EIGMP Realty Phone 914 633 0678 401 Quaker Ridge Rd, Cell: 917 833 2931 EIGMP Realty New Rochelle, NY 10804 Fax 914 633 0678 Email: [email protected] 40 Westchester Ave, White Plains, New York 750SF Retail Space for Rent at $1995 by Owner No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.1 Table of Context I. Executive Summary…………….……………………………………………3 a. Highlights of Offering…………………………..…………………………4 b. Select Businesses within ½ mile of property……….……………………..5 II. Pictures a. Collage…………………………………………………………………….6 b. Aerial View…………………………………..……………………………7 c. Survey……………………………………………………………………..8 III. Market Analysis a. Income Demographics…………………………………...….…..……9-10 b. Sales Demographics……………..………...………………...…...…..11-12 c. White Plains Demographics…………………………...……….…….13-14 EIGMP Realty the owner of the 28-40 Westchester Avenue is pleased to offer 30 Westchester Avenue for rent. It’s a 630 sq ft ground floor store front with a full basement No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.2 of equivalent size. Located on a major business corridor within the affluent White Plains, New York. With traffic flow of 43,171 cars a day in front of the property and with over 200k households with an average income of $143,457 within a 5 mile radius, demographics provide a strong and wealthy local consumer base. The rare combination of visibility, location, high traffic count, convenient access and local demographics make this a huge opportunity for the right entrepreneur. The Property is located on Westchester Avenue, the premier shopping experience for the New York Metro Area, with over $1/2 billion in retail sales within 1 mile of the subject property. This stretch of Westchester Avenue is home to one of the most heavily developed retail corridors in Westchester County. Several major retailers are located within a walking distance such as The Westchester, New York’s premier luxury mall, Nordstroms, Neiman Marcus, Bloomingdales, Macy’s and Sears. In addition to numerous large grocery chains, bank branches, clothing stores and restaurants. Highlights of the Offering 30 Westchester Avenue offers the opportunity to be a part of a major gentrification within the neighborhood. With over 2000 apartments within a ½ mile radius and over 1 million No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.3 sq ft of office space and with over 1000 luxury units proposed to enter the pipeline in the coming years within ¼ mile of the site. The area is served also served by many hotels which have come to the area like the Ritz-Carlton, Crowne Plaza, Cambria Suites. The site offers many opportunities to a new tenant. Highlights of the offering include: Established Retail Corridor 30 Westchester Ave is located along the heavily traveled downtown White Plains retail corridor, an area that has historically attracted well-known national retails. Big Box retailers such as Walmart, Container Store, Circuit City and Sports Authority are located within close proximity to the property, High Traffic Count The 2005 average daily traffic on Westchester Avenue near the site is 43,171 cars, providing retailers a robust supply of consumers on a regular basis. Convenient Access Located near the Westchester Mall exit 8 off of I-287, the building is conveniently accessed from the heavily traveled I-287 and Westchester Ave. Strong Demographics Wealthy local consumer base of over 200k households with an average household income of $143,457 within a 5 mile radius of the site. White Plains has a daytime population over ¼ million people. Major Business Located within ½ mile of the site No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.4 Retailers BLT Steak Tiffany’s Morton’s Steakhouse Coach Cheesecake Factory Burberry P.F. Chang’s 7 of all mankind Westchester Burger Apple Chipotle Mexican Lacoste Grill Louis Vuitton Nordstrom Bloomingdales Macy’s Neiman Marcus Sears Hugo Boss Hospitals Development NY Presbyterian White Plains Over 1000 luxury Housing residential units in Hospital the pipeline, 2000+ housing units supplemented with possible hotels and retail Restaurants Major Employers Hudson Valley MLS Gaucho Grill No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.5 (30 Westchester Avenue Store Entrance) (30 Westchester Ave Interior view) (Subject Property aerial view) (Subject Store) No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.6 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.7 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.8 Income Demographics No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.9 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.10 Retail Demographics No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.11 No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.12 Socio-Economic Profile of White Plains Regional Hub Located just 25 miles north of Manhattan at the center of Westchester County where the Cross- Westchester Expressway/Interstate 287 (I-287) intersects with several north-south limited access highways (Bronx River Parkway, Hutchinson River Parkway, and I-684), White Plains is a regional economic center and destination for business, government, transportation, healthcare, and shopping. In addition to the numerous retail outlets, corporate offices, and medical facilities, White Plains is the County seat, and is home to the Westchester County Civic Center. The White Plains TransCenter is a major hub for both the Metro-North Railroad and the Westchester County Bee-Line bus system. With 20,000 passenger (in and out) trips daily, White Plains, an express stop on the Harlem Line, is a short 35-minute commute via express train, and the second busiest station as a destination stop in the Metro-North Railroad system. In addition, 25,000 bus passenger trips are made through the TransCenter each weekday. The Bee-Line bus system provides service to commuters, as well as for travelers to and from the Westchester County Airport. Other regional transit operators—including Adirondack Trailways and Coach USA—provide express bus service to and from White Plains for intercity passengers with service to Stamford, Boston, Long Island, Ithaca, and Albany. Demographic Profile The City of White Plains had a population of 56,853 in 2010, up 7 percent from 2010, a higher rate of growth than in Westchester County (3 percent) and New York State (2 percent). A compact city, White Plains comprises about 6 percent of the County’s total population, while its land area (9.77 square miles) is only 2 percent of the County total. The City’s overall population density (5,820 persons per square mile) is more than double that of the County (2,240 persons per square mile). Economic Profile Industry Sectors Approximately 2,705 businesses and other employer organizations are located in White Plains. According to the 2007 Economic Census, the total employment in the City of White Plains was 42,567 workers, with the largest industry sectors being health care and social services (23 percent of total employment); retail trade (20 percent); administrative and support services (14 percent); and professional, scientific, and technical services (11 percent). While the City is home to many prominent large corporations and institutions, the average number of employees per establishment is approximately 17 workers, an indicator of the importance of small business in the City as well, and of a healthy and diversified economic base. Among the industry sectors, the wholesale trade sector had the highest sales ($3.3 billion); followed by retail trade ($2.0 billion); professional, scientific, and technical services ($1.2 billion); and health care ($1.0 billion). Commercial Office Space No warranty or representation, express or implied, is made as to the accuracy of the information contained herein, and same is submitted to errors and omissions. Pg.13 Since 1960, White Plains has evolved into a prominent regional office center which now boasts over 10.8 million square feet of commercial office space. Based on its central location, transportation accessibility, and high quality of life, White Plains is home to many major corporations and government offices and is a center for not-for-profit organizations. Approximately 60 percent of this space is located in the Central Business District, which has an inventory of over 6.3 million square feet of commercial office space. Retail Establishments White Plains is ranked third in the state in annual retail sales volume – retail trade earns more than $2 billion in sales annually. The City boasts an astounding retail sales per capita figure of $35,120 (more than double that of the County and three times that of the State).
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