4051-4055 Hylan Blvd - Drug Store FOR SALE


Staten Island, NY 10308- Eltingville
$10,900,000 USD
212-430-5196
4051-4055 Hylan Blvd, Staten Island, NY for Sale
$10,900,000 USD
Drug Store - FOR SALE
1/18
null | 6.37% Cap Rate

4051-4055 Hylan Blvd
Staten Island, NY 10308
Eltingville


HIGHLIGHTS

  • 16+ Years Remaining on NN Lease with CVS.
  • 12,487 SF Building on a 0.97 AC lot.
  • Four (5) Year Options; 10% Increases Every 10 Years in Option Periods.
  • Prime location sees a traffic count of 31,000+ VPD.

OVERVIEW

This investment opportunity features a 16+-year NN lease with CVS, including four 5-year options. The asset boasts a 12,487 SF building on a 0.97-acre lot. The lease agreement includes a 10% increase every 10 years during the option periods. Located in a prime area with a traffic count of over 31,000 vehicles per day, this property offers excellent visibility and accessibility.

FOR SALE DETAILS

PRICE

$10,900,000 USD

PRICE/SF

$873 USD /SF

CAP RATE

6.37%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NN CVS | 6.37% CAP | 16+ Years Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

R3A

APN/PARCEL ID

05276-0012

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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