Cushman & Wakefield (“C&W”) has been retained as exclusive representative to offer for sale the fully leased retail (the “Property”) at the base of The Hive in Times Square in New York City. The Property’s addresses include 303 West 42nd Street aka 669 Eighth Avenue and 300 West 43rd Street aka 675 Eighth Avenue. The offering spans a total of 17,514 Gross SF across five storefronts which are fully leased to best-in-class tenants at market rents with a weighted average lease term (WALT) of 15.7 Years. The Property has a combined frontage of 217’, including 121’ of frontage on Eighth Avenue, 80’ of frontage on West 43rd Street and 16’ of frontage on West 42nd Street. 303 West 42nd Street is an L-Shaped property that wraps around the northwest corner of West 42nd Street and Eighth Avenue. 300 West 43rd Street is located at the southwest corner of West 43rd Street and Eighth Avenue.
The Property’s immediate proximity to New York’s most impressive office, residential, tourism, entertainment and transportation destinations make its fundamentals as impressive as any in the entire City.
The Property is anchored by Chick-fil-A, the second largest fast-food chain in the Country. Chick-fil-A signed a lease in 2020 to occupy 5,008 square feet on the southwest corner of West 43rd Street and Eighth Avenue that runs through February of 2040. Its lease is fully guaranteed by Chick-fil-A Corporate. Joining Chick-fil-A is a strong tenant roster including Smashburger, 7-El
The Hive - Retail Spaces
303 West 42nd Street, New York, New York, 10036
New York, NY 10036
United States
- Building Size:
- 17,514 SF
- Available Space:
- 17,514 SF
- Sale Price:
- Negotiable
- Price Per Unit:
- 57.10 /
- Year Built:
- 2021
