Walgreens
Retail | 5.14% CAP | 13,961 SqFt
Investment highlights
Extremely Rare 10% Increases Every 5 Years with 15 Years Remaining on an Absolute NNN Corporately Guaranteed Walgreens Lease
Irreplaceable corner location surrounded by national tenants with 31,874 VPD Passing Site (Intersection of Clove Rd & Victory Blvd) and Immediate access to I-278 (Staten Island Expressway): 162,000 VPD 1 Mile South
The tenant is currently paying $33PSF, a rate that is easily replaceable and in strong demand for a high-profile corner location
Incredibly Strong Operating Tenant: Richmond University Medical Center: 470+ bed healthcare facility & teaching institution with expertise in medical, surgical, gastroenterology, cardiology, pediatrics, podiatry, endocrinology, urology, oncology, orthpoedics, neonatal, intensive care and maternal health. RUMC has over 2,600 employees focused on serving the borough of Staten Island. They are affiliated with Icahn School of Medicine and in the Mount Sinai Health System’s network.
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