INVESTMENT OPPORTUNITY
SAB Capital is pleased to present Walgreens in Staten Island, NY, located about 10 miles south of Manhattan. The lease features an absolute triple net (NNN) structure with a corporate guarantee from Walgreens (S&P: BBB). The property is located in a highly desirable area located within New York City with over 700,000 residents in a 5 mile radius.
- Walgreens in Staten Island, NY | Prime NY Metro Location
- Zero Landlord Responsibilities | Absolute Triple Net (NNN) Lease Structure
- Corporately Guaranteed Lease | Walgreens is the 18th Ranked Company in the Fortune 500
- Signalized Corner Location | Clove Road & Hylan Boulevard Intersection Sees Over 15,000 Vehicles Per Day
- Prominent Pharmacy Operator | Walgreens Has Around 9,000 Locations
- Core New York Metro Demographics | Over 715,000 Residents in 5 Mile Radius with $100,858 AHHI
- Significant Lease Term Remaining | Just Over 11 Years Left in Base Term
- National Retailers Located Nearby | DaVita Dialysis, Santander, Dunkin’ and Many More
| Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
|---|---|---|---|---|---|
| Walgreens | $13,396,226 | 5.30% | NNN | 10,866 | Available |
