212-372-2165
98 Richmond Rd, Staten Island, NY for Sale
Freestanding - FOR SALE
1/3
null | Request Cap Rate

98 Richmond Rd
Staten Island, NY 10314
Heartland Village


OVERVIEW

Newmark has been retained on an exclusive basis to offer for sale 101 Richmond Hill Road, Staten Island, NY 10314 (the “Property” or “Offering”). The Property is situated within the Staten Island Mall shopping center, located in the New Springville submarket of Staten Island. The Property is a single-story 50,000 square foot free-standing retail building with 333 parking spaces. The building features 20’ ceiling heights and 3 loading docks. 101 Richmond Hill Road is 100% leased to Floor & Decor, a specialty retailer for high quality flooring and tile. Floor & Decor spent over $10,000,000 ($200 PSF) on the fit-out of their first Staten Island store. Floor & Decor signed a 15-year NNN lease starting at an annual rent of $1,750,000 with 10% increases every 5 years and an initial expiration date of January 2040 with four 5-year extension options. Tenant is responsible for everything except for roof and structure.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Floor & Decor Staten Island

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

333

LAND DETAILS

LAND ACRES

9.38 AC

LAND SF

408,593 SF

ZONING

C4-1

APN/PARCEL ID

02400-0118

ASK ABOUT THIS PROPERTY

Daniel O'BrienNewmarkMore Info
212-372-2165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel O'BrienNewmarkMore Info
212-372-2165

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.