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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 $12,796,000 5.55% NNN 10,866 Available

Stephen Asihene

SENIOR ASSOCIATE | INVESTMENT SALES

Michael Grunberg

VICE PRESIDENT | INVESTMENT SALES
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