1125 Bay St - Drug Store FOR SALE


Staten Island, NY 10305- Rosebank
$11,573,000 USD
917-539-0402
1125 Bay St, Staten Island, NY for Sale
$11,573,000 USD
Drug Store - FOR SALE
1/6
null | 6% Cap Rate

1125 Bay St
Staten Island, NY 10305
Rosebank


HIGHLIGHTS

  • Anchored by CVS on a Newly Extended NN Lease Through 2040 & Dunkin Donuts Through 2033 (Both Tenants 25+ Years at This Site)
  • 15,570 SF Multi-Tenant Retail Property on a 53,716 SF Lot With 369 Feet of Frontage Along Bay Street
  • 56-Car Parking Lot
  • One of the Busiest and Highest Revenue Generating CVS Stores in the Country

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,573,000 USD

PRICE/SF

$736 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime CVS-Anchored Retail - Staten Island, NY

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C1-2/R4

APN/PARCEL ID

02827-0001

ASK ABOUT THIS PROPERTY

Scott PlaskyMarcus & MillichapMore Info
917-539-0402

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Scott PlaskyMarcus & MillichapMore Info
917-539-0402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.