PRICE REDUCED | NNN Govt Tenant | Staten Island $6.5M
Special Purpose | 5.95% CAP | 13,648 SqFt
Marketing description
Off-market single tenant NNN leased directly to the NYC School Construction Authority — a City of New York government entity. This fully occupied Pre-K Early Childhood Education Center was completely renovated in 2020 to institutional standards including multiple classrooms, gymnasium, nurse's station, and outdoor playground. The tenant has significant capital invested in this location and is not relocating.
13,648 SF facility on 23,451 SF of land including dedicated parking lot. 9 years remaining on lease. NOI $416,264. Asking $6,500,000. Zero landlord responsibilities, government guaranteed income, zero credit risk.
Ideal 1031 exchange replacement property. This is a rare opportunity to acquire a passive, government-backed asset in New York City. Serious inquiries only — contact listing agent for full details and flyer.
For inquiries contact: Steve Davis, Capri Industrial Partners — 646-261-0143 — [email protected]
Investment highlights
• Single tenant NNN — City of New York government guaranteed income
• NYC School Construction Authority — zero credit risk • 9 years remaining on lease — long term secure income stream
• 100% occupied — Pre-K Early Childhood Education Center
• Fully renovated 2020 to institutional standards • 13,648 SF on 23,451 SF of land with dedicated parking
• Zero landlord responsibilities — truly passive investment
• Ideal 1031 exchange replacement property
• Off-market opportunity — not publicly listed
For inquiries contact: Steve Davis, Capri Industrial Partners — 646-261-0143 — [email protected]
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