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CVS 4051-4055 Hylan Blvd 12,487 SF Retail Building Staten Island, NY 10308 $9,750,000 ($780.81/SF)
Investment Highlights
- 14+ Years Remaining on NN Lease with CVS
- Four (5) Year Options; 10% Increases Every 10 Years in Option Periods
- 12,487 SF Building on a 0.97 AC lot
- Prime location sees a traffic count of 31,000+ VPD
Executive Summary
This investment opportunity features a 14+-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.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,487 SF
Building Class
C
Year Built
2013
Price
$9,750,000
Price Per SF
$780.81
Tenancy
Single
Building Height
1 Story
Loading Docks
300 Exterior
Building FAR
0.30
Lot Size
0.97 AC
Zoning
R3A - Low density residential zone
Parking
37 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 05276-0012 | Improvements Assessment | $1,688,850 |
| Land Assessment | $663,300 | Total Assessment | $2,352,150 |
Property Taxes
Parcel Number
05276-0012
Land Assessment
$663,300
Improvements Assessment
$1,688,850
Total Assessment
$2,352,150
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CVS | 4051-4055 Hylan Blvd
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