Shopwell Plaza 4000-4026 Boston Rd 76,000 SF 100% Leased Retail Building Bronx, NY 10475 $32,000,000 ($421.05/SF) 6.10% Cap Rate

Marcus & Millichap is pleased to present Shopwell Plaza, a 77,858-square-foot, 100% leased retail center located along highly trafficked Boston Road in the Bronx, NY. The property comprises 16 stores on a 4.31-acre parcel and represents an exceptionally rare opportunity to acquire a grocery-anchored shopping center in New York City with dedicated on-site parking for 170 vehicles. National brands including AutoZone and DaVita lend strength to the tenant mix, while long-term anchor S&Y Grace Caribbean Supermarket—on site for 27 years—recently expanded its footprint and extended its lease through 2040.
Shopwell Plaza benefits from exceptional population density and high foot traffic. Over 79,000 residents live within a one-mile radius of the property, and the center recorded more than 900,000 visits last year, according to Placer Labs. This places it in the top 18% of all shopping centers nationwide for foot traffic, and within the top 20% statewide in New York—a strong indicator of the center’s consistent consumer draw and regional significance.
The property is situated on a 187,750-square-foot lot and zoned R4/C1-2, offering additional long-term flexibility. With a Floor Area Ratio (FAR) of 0.75, the site permits up to 140,812 buildable square feet. The zoning and lot size support both stable cash flow and potential future development or repositioning strategies.