CVS 4051-4055 Hylan Blvd
12,487 SF Retail Building Staten Island, NY 10308 $11,500,000 ($921/SF) 6.04% Cap Rate
INVESTMENT HIGHLIGHTS
- 16+ Years Remaining on NN Lease with CVS
- Four, (5) Year Options and 10% Increases Every 10 Years in Option Periods
- 12,487 SF Building on a 0.97 AC lot
- Prime location sees a traffic count of 31,000+ VPD
EXECUTIVE SUMMARY
This investment opportunity features a 16+ year NN lease with CVS, including four 5-year options. The asset boasts a 12,487 SF building on a 0.97-acre lot. The lease agreement includes 10% increases every 10 years during the option periods. Located in a prime area with a traffic count of over 31,000 vehicles per day, this property offers excellent visibility and accessibility.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
12,487 SF
Building Class
C
Year Built
2013
Price
$11,500,000
Price Per SF
$921
Cap Rate
6.04%
NOI
$694,260
Tenancy
Single
Building Height
1 Story
Loading Docks
300 Exterior
Building FAR
0.30
Lot Size
0.97 AC
Zoning
R3A - Low density residential zone
Parking
37 Spaces (2.96 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
- Storage Space
- Air Conditioning
Walk Score®
Very Walkable (80)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
24,395
138,137
275,163
396,431
2029 Population
24,101
136,277
270,634
390,763
2024-2029 Projected Population Growth
-1.2%
-1.4%
-1.7%
-1.4%
Median Age
44.5
44.1
42.8
42.1
College Degree + Higher
40%
37%
35%
22%
Daytime Employees
4,463
23,343
65,671
94,272
Total Businesses
841
3,689
9,651
13,949
Average Household Income
$136,339
$123,180
$120,561
$115,319
Median Household Income
$114,131
$99,936
$95,395
$90,420
Total Consumer Spending
$368.3M
$1.9B
$3.7B
$5.1B
2024 Households
8,926
50,076
97,434
139,584
Average Home Value
$684,304
$665,257
$667,198
$666,676
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05276-0012 | Improvements Assessment | $1,332,450 |
| Land Assessment | $663,300 | Total Assessment | $1,995,750 |
