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1227 Forest Ave
Staten Island, NY 10310
Walgreens · Retail Property For Sale
Investment Highlights
- Strong Investment Grade Credit Tenant – Rent is guaranteed by Walgreens Corporate, boasting an S&P credit rating of BBB+
- Accessible and Heavily Trafficked – This site is situated on a signalized corner off of Forest Ave. and Jewett Ave. in the heart of Staten Island
- Passive Leasehold Interest – 7 years remaining on the base term w/ Five (5), Five (5) – Year Options
- Dense Housing Community Retail Corridor – Located in a very dense housing corridor in Staten Island, NY with ±500,000 people in a 5-mile radius
- Store Sales Available – Location is a high-performing asset with consistently strong reported annual financials
Property Facts
Property Type
Retail
Property Subtype
Building Size
8,598 SF
Building Class
B
Year Built
2003
Tenancy
Single
Building Height
1 Story
Building FAR
0.25
Lot Size
0.78 AC
Zoning
R3-2 - A low-density residential zoning district in New York City
Parking
30 Spaces (3.49 Spaces per 1,000 SF Leased)
Frontage
86’ on Forest Ave
Amenities
- Bus Line
- Freeway Visibility
- Signage
- Signalized Intersection
- Drive Thru
Property Taxes
| Parcel Number | 00238-0207 | Improvements Assessment | $1,307,700 |
| Land Assessment | $796,050 | Total Assessment | $2,103,750 |
Property Taxes
Parcel Number
00238-0207
Land Assessment
$796,050
Improvements Assessment
$1,307,700
Total Assessment
$2,103,750
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