TD BANK STRIP CENTER – NNN (LEASEHOLD INTEREST)

TD Bank & Z-One Restaurant – NNN (Leasehold Interest)

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Ariel Map
AERIAL VIEW
TD BANK STRIP CENTER – NNN
1837 Richmond Ave., Staten Island, NY 10314

PRICE $2,700,000
GLA 10,995 SF
PROPERTY TYPE Strip Center
CAP RATE 5.5%
OCCUPANCY 100%
YEAR BUILT 2003
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OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
DIRECT: 516.773.0080
OFFICE: 516.773.0010
DEMOGRAPHICS
2015 Total Population
1 – mi. – 24,334
3 – mi. – 158,222
5 – mi. – 546,195
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Leasehold Interest (through 2051) in two-tenant retail property
  • Absolute NNN – zero landlord responsibilities
  • TD Bank has a drive-thru window and over $177 million in Deposits (as of June 30, 2015) with a lease through 2022
  • Z One Restaurant and Lounge is a popular local restaurant and bar that has a lease through 2029
  • Prime Location – Richmond Avenue has a traffic count of 90K Vehicles Per Day
  • The lot size is over 84,000 SF with 500’ of frontage on Richmond Ave
  • The Leasehold Interest is a 100% depreciatable asset

City:STATEN ISLAND
State:NY
Square Feet:10,995 SF
Price:$2,700,000
Cap Rate:5.5%

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