Marcus & Millichap is pleased to present for sale the CVS Shopping Strip located at 1125-1145 Bay Street in the Rosebank neighborhood of Staten Island New York. The property comprises two multi-tenant retail buildings totaling 15,570 square feet on a generous 53,716-squarefoot lot with 369 feet of prime frontage along Bay Street, a major thoroughfare on Staten Island’s North Shore. A parking lot accommodating 56 vehicles further enhances the site’s accessibility and appeal.
The first building, a 10,125-square-foot freestanding structure, is anchored by CVS, which is operating on a newly extended NN lease through January 2040. Additionally, the lease’s strength is back by a corporate guarantee from CVS Health. CVS, which has operated here since 1999, recently completed a multi-million-dollar renovation and is one of the retailer’s highest-performing locations nationwide.
The second building is a 5,597-square-foot retail strip fully occupied by Dunkin’ Donuts, a nail salon, and Bubbakoo’s Burritos. Dunkin’ Donuts has been a tenant for over 25 years and recently signed a 10-year lease with 10 percent increases every three years. Bubbakoo’s Burritos, a Mexican fusion restaurant chain with 117 locations across 15 states.
Ownership recently replaced the roofs on both buildings, each covered by a 15-year warranty, ensuring minimal capital expenditure for years to come. This offering presents a rare opportunity to acquire a credit-tenant-anchored retail asset with a history of 100 percent occupancy, high-performing tenants, and redevelopment potential on 1.23 acres of land in a highly desirable New York City location.