5788 Amboy Rd - Freestanding FOR SALE


Staten Island, NY 10309
$6,000,000 USD
480-221-4221
5788 Amboy Rd, Staten Island, NY for Sale
$6,000,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

5788 Amboy Rd
Staten Island, NY 10309


HIGHLIGHTS

  • Approximately 13 Years Remaining | Option To Extend | Scheduled Rental Increases
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Signalized, Hard Corner Intersection (21,600 VPD) | Excellent Visibility & Access
  • Rare Staten Island Opportunity | Retail Corridor | Strong National/Credit Tenant Presence
  • Direct, Affluent Consumer Base | Strong Demographics In Immediate Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, CityMD Urgent Care investment property located in Staten Island, New York. The tenant, City Property USA NY, LLC has approximately 13 years remaining on its 15-year lease with 1 (5-year) option to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and a rental amount of the greater of $435,600 and 95% of FMV at the beginning of the option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$1,830 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

City MD Urgent Care | Approx 13yr NN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

R3X

APN/PARCEL ID

06681-0065

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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