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9440278
9440279

1161 Victory Blvd, Staten Island, NY 10301

TT
NY 0401325906
Stream Capital Partners
PD
CT RES.0804114
Stream Capital Partners
Listed by Stream Capital Partners
$10,000,000
1020 days on market
Updated 11 days ago

Walgreens

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,961
Cap Rate 5.14%
NOI $514,250
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 02/28/2038
Remaining Term 11.7
Rent Bumps Yes
Lease Options 4, 5 Years & 1 (Last), 4 Years
Year Built 2012
Acreage 0.730
Parking Spaces 45 spaces
Parking Per SqFt 3.22
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 02/11/2013
Ground Lease Yes

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.

Listing Contacts

TT
NY 0401325906
Stream Capital Partners
PD
CT RES.0804114
Stream Capital Partners
Listed by Stream Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$514,250.00
$42,854.17/mo

Valuation Metrics

0
DSCR
5.14%
Cap Rate
5.14%
ROI

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Additional Information

Name
Mike Antonoplos
License
34AN1074933
Title
Broker of Record
Name
Taylor Trepinski
License
0401325906
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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