TD Ameritrade

880 Central Park Ave
Scarsdale, NY 10583

Marketing Materials


JLL is pleased to offer for sale the fee-simple interest in a build-to-suit, single-tenant office building leased to TD Ameritrade (the “Property”, or “Asset”) in Scarsdale, New York. The Property was constructed in 2016, leaving over 13 years remaining on a triple net lease and allowing future ownership to capitalize on long term, steady cash flows. The security in this offering comes with the location, as this site was strategically picked by TD Ameritrade due to the outstanding surrounding demographic base and transit oriented location. Bifurcating two major commuter parkways and the Scarsdale Metro North Railroad station, the Property generates tremendous traffic and is convenient for those seeking financial services in a convenient location relative to their daily commute. Furthermore, Central Park Avenue is the primary retail corridor of Scarsdale, with traffic counts over 57,000 vehicles and retailers such as ShopRite, Walgreens, Ford, and countless more in the immediate area. This offering presents an unparalleled opportunity for investors seeking an investment grade tenant with outstanding residual value in the real estate, as commercial land is limited along the corridor.
  • Primary Broker

    Peter Furest - Net Lease Broker
    Peter Furest
    (212) 812-5802

  • In-State Licensee

    Peter Furest - Net Lease Broker
    Peter Furest


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Investment Highlights
• TD Ameritrade, an investment grade tenant (S&P: ‘A’), has over 13 years remaining on a triple net lease, providing long term stable cash flow for future ownership.
• The Property was a build-to-suit for TD Ameritrade, a strategic location amidst a very dense an affluent population base (112,000 residents, $187K AHHI within 3 miles).
• Positioned along the primary commercial corridor of Scarsdale, the Property benefits from traffic counts surpassing 70,000 vehicles passing daily.
• This transit oriented location is positioned proximate to the Scarsdale Metro North Railroad stop as well as Sprain Brook Parkway and Bronx River Parkway.
• Commercial land is scarce along Central Park Avenue, providing value in the residual value of the real estate.
Property Type Office
Property Address 880 Central Park Ave
Scarsdale, NY 10583
Primary Use None
Tenancy Single-Tenant
Price Confidential
Cap Rate Confidential
Current NOI $562,500
Tenant Name TD Ameritrade
Credit Rating (S&P) A
Lease Type NNN
Annual Rent $562,500
Rent Escalations Various Annual - See OM
Options 2, 5-year options
Lease Expiration Date 10/31/2031
Remaining Term 13.3Yrs