991 Third Avenue

JLL has been exclusively retained to arrange the

sale of 991 Third Avenue (The “Property”), a 4,960 SF building

with 1,664 SF of additional usable basement space. 991 Third is

located on the corner of 59th Street and Third Avenue directly

across from the famous Bloomingdales Department Store. The

Property is triple-net leased to Capital One Bank (the “Tenant”)

which has a credit rating of Baa1 and 10 years remaining on their

current term, with another 10 year option. Visibility of the subject

property is ideal as it is positioned directly outside the entrance

to the 59th Street Subway Station and is centrally located within

the heavy retail corridor of Midtown Manhattan. Neighboring

retail tenants like Bloomingdales, IKEA, Dylan’s Candy Bar,

Home Depot, and Zara account for high foot traffic and exposure.

In one of Manhattan’s highest end neighborhoods, 991 Third

Avenue presents an outstanding opportunity for investors to

purchase a rare NNN leased asset in a stand alone property.

In one of Manhattan’s highest end neighborhoods, 991 Third

Avenue presents an outstanding opportunity for investors to

purchase a rare NNN leased asset in a stand alone property.