Available
1 / 6
738 Broadway
NoHo, New York, NY 10003
Current Exclusives
3,850 SF
Building Size
100%
Occupancy
10 Yrs
WALT
1
Tenant
Marcus & Millichap is pleased to present the exclusive offering of the retail condominium at 738 Broadway, a prime approximately 3,850 square foot retail asset located along the Broadway corridor in NoHo, directly across from New York University.
The Property is fully leased to Caffeena Coffee House under a newly executed 10-year lease featuring approximately 3% annual rent increases, providing stable and growing cash flow. The tenant is investing into the buildout, demonstrating a strong long-term commitment to the location and significantly reducing near-term rollover risk.
Positioned in one of Manhattan’s most heavily trafficked retail corridors, the Property benefits from exceptional visibility and continuous pedestrian flow driven by NYU’s student population, surrounding residential density, and nearby national retailers. The location offers durable demand and strong long-term retail fundamentals.
This offering presents investors with a clean, passive retail condominium investment with a net lease structure, minimal landlord responsibilities, and exposure to one of New York City’s most dynamic and resilient submarkets.
Property Highlights
- True net lease structure with the tenant responsible for taxes above the base year, utilities, HVAC, insurance, and repairs, leaving a genuinely passive ownership position.
- Approximately 3% fixed annual rent escalations built into every year of the 10-year initial term, with one five-year renewal option thereafter.
- Caffeena Coffee House is investing over $1 million to build out a luxury flagship cafe, a powerful signal of long-term commitment to the space.
- 3,850 SF across three levels including ground floor, mezzanine, and lower level with private elevator, 15-foot ceilings, and a clean open layout in a landmarked NoHo building.
- Lease backed by a personal guaranty from the owner of Caffeena Coffee House Inc., providing additional security to the landlord.
- Prime NoHo location directly across from NYU, steps from the Broadway-Lafayette subway hub and surrounded by Wegmans, La Colombe, Life Time, Crunch, and SoulCycle.
