This property is Off-Market

1450 Hylan Boulevard
Staten Island, NY 10305 ·

3,080 SF · Retail For Sale

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Five-Star Laundromat

Price N/A Occupancy 100%
Building Size 3,080 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 1997
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 6,000 SF
Cap Rate 6.61%
Listing ID: 17783557 Date Created: 08/09/2012 Last Updated: 05/24/2013

Description

Marcus & Millichap is pleased to present the exclusive listing for the subject offering, a 3,080 SF single-tenant net-leased Laundromat on Hylan Boulevard in Staten Island, NY. The tenant, Five-Star Laundromat, has been at this location for 11 years, and has just recently agreed to a new 25-year NNN lease. This is an absolute NNN lease with zero landlord responsibilities.

There are 2.25% increases per year. The building rests on a 6,000 SF lot, and has a front parking lot that can accomodate eight vehicles. Hylan Boulevard is one of the main commercial roadways on Staten Island, with a traffic count of approximately 70K vehicles per day. The property is surrounded by local and national retailers.

Highlights

  • 3,080 SF Single-Tenant Net-Leased Laundromat
  • Tenant Just Executed a New 25-Year Absolute NNN Lease
  • 2.25% Yearly Rental Increases
  • Hylan Boulevard is One of the Most Heavily Traveled Roadways on SI
  • Tenant Has Operated at This Location for 11 Years
  • Property is Surrounded by Local and National Retailers

Research

1450 Hylan Boulevard, Staten Island, NY 10305 (Richmond County)

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