1689 Richmond Rd Staten Island, NY 10304
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Property Features for 1689 Richmond Rd
General Information
- Property type
- Individual retail properties
- Square Feet
- 11,150 SF
- Price / Square Foot
- $819
- Elevators
- N/A
- Net Rentable
- 11,150 SF
- Lot Size
- 42,689 SF
Building Details
- Year Built
- 2022
Overview
Two-Tenant Retail on Richmond Road
This retail property is a two-tenant, net-leased deal located on Richmond Road in Staten Island, New York. Constructed in 2022, the property includes Starbucks and Fine Fare Supermarket. Situated on a 0.98-acre lot, the site has 37 parking spaces and over 400 feet of frontage on Richmond Road. The property consists of two freestanding buildings. Starbucks occupies 2,000 square feet and features a drive-thru. Fine Fare Supermarket leases 9,150 square feet with an additional 3,000 square foot lower level, totaling 14,150 square feet. Starbucks has a 10-year lease extending through February 2032, with six (5) five-year renewal options and 10 percent rental increases every five years. They are responsible for 100 percent of the proportionate share of CAM and real estate taxes above the 2017/2018 base year. Fine Fare Supermarket has a 15-year lease through April 2037, with 3 percent annual increases. They are responsible for 100 percent of their proportionate share of CAM and real estate taxes. Fine Fare Supermarkets has over 60 locations throughout New York, New Jersey, and Pennsylvania. Both buildings are covered by a 20-year warranty.
HighLights
- New Construction Two‑Tenant Retail on Richmond Road in Staten Island, NY Resting on Over an Acre of Land. The Site Features Starbucks, With a Drive‑Thru, and Fine Fare Supermarket. Stabucks has a Ten‑Year Lease That Runs Through 2032 With 10% Increases Every Five Years and Six (5) Five‑Year Renewal Options. It is Almost Impossible to Get a Drive‑Thru Approved on Staten Island. Fine Fare, Which has 60 Locations, has a 15‑Year Lease That Runs Through April 2037 With 3% Annual Increases. This is a Minimal Management New Construction Retail Asset.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- Staten Island
- State
- New York
- Longitude
- -74.1216318
- Latitude
- 40.5750435
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FAQs
What type of property is this?
Individual retail property - Starbucks & Fine Fare Supermarket - Two Tenant Retail
Where is this individual retail property located?
The property is located at 1689 Richmond Rd Staten Island, NY.
What is the asking price?
The asking price for this property is $9,140,000.
What are key features of this property?
This property features: New Construction Two-Tenant Retail on Richmond Road in Staten Island, NY Resting on Over an Acre of Land. The Site Features Starbucks, With a Drive-Thru, and Fine Fare Supermarket.
Stabucks has a Ten-Year Lease That Runs Through 2032 With 10% Increases Every Five Years and Six (5) Five-Year Renewal Options. It is Almost Impossible to Get a Drive-Thru Approved on Staten Island.
Fine Fare, Which has 60 Locations, has a 15-Year Lease That Runs Through April 2037 With 3% Annual Increases. This is a Minimal Management New Construction Retail Asset.
