Wonder (Grubhub Parent Company) 800 Forest Ave 3,600 SF Retail Building Staten Island, NY 10310 $4,279,000 ($1,188.61/SF) 6.50% Cap Rate

Cushman & Wakefield is pleased to present the opportunity to acquire a recently fully renovated 3,600 square foot, single-story retail building with ample onsite parking leased to Wonder for 10 years with 3% annual rent increases. Wonder, the parent company of Grubhub with over $2 Billion in revenue, offers an exclusive menu of 350+ “fine fast” dishes from well-known chefs and restaurants, all at one location. Wonder’s new dine-in, take-out and delivery concept is expanding rapidly with 46 locations currently open in six states, and plans for 90 locations to be open by the end of 2025. Wonder was recently valued at $7+ billion with a new $600 million investment round from Google Ventures, New Enterprise Associates, Accel, Forerunner, and Amex Ventures.
The Staten Island Wonder property is strategically located on the southeast corner of the signalized intersection of Forest Ave and Broadway, with combined traffic counts of over 21,200 VPD. Part of the West Brighton neighborhood, and just north of the Staten Island Zoo, the surrounding area demographics are excellent with population over 290,500 within 3 miles and average household income over $130,900 within a mile. The immediate area is comprised of the busy commercial corridor along Forest Avenue, surrounded by dense residential neighborhoods, and multiple schools, parks and playgrounds. Nearby commercial tenants along Forest Ave include CityMD, McDonald’s, Chase, Verizon, Subway, Starbucks, CVS, and Crumbl, among numerous local and regional tenants and businesses. Forest Avenue is a major east-west thoroughfare that connects to the MLK Expressway and Bayonne Bridge to the west and to the Tompkinsville neighborhood and Staten Island Ferry to the east. Broadway is a north-south thoroughfare that connects to the Staten Island Zoo a few blocks to the south, and further to I-278 via Clove Rd.
This property is listed in conjunction with New York-licensed real estate broker Cushman & Wakefield U.S., Inc.