3881 Richmond Ave, Staten Island, NY

Listing agent Brent Hanna

Listing office Encore Real Estate Investment Services b***@encorereis.com Show Phone

Listing date Apr 3, 2024

Source Moodyscre

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Overview

This property, constructed in 2014 to Bank of America's new prototype design, offers a long-term passive investment opportunity with 11 years remaining on an absolute net lease. The tenant is responsible for all expenses. The property benefits from a corporate-backed guarantee and an S&P rating of "A-". It is positioned on a strategic hard corner location with combined traffic counts exceeding 39,819 vehicles per day. The site is adjacent to the Eltingville Train Station and Eltingville Plaza, a new mixed-use development comprising 56,250 square feet. Located in a high-income region, the 3-mile household income exceeds $126,727. The surrounding area has a dense population, with over 37,600 residents within a 1-mile radius. The property is situated in a dense retail corridor, neighboring tenants include Stop and Shop, Wendy's, Burger King, Dunkin Donuts, Chase Bank, Advance Auto Parts, Rite Aid, CVS, and many more. The property size is 3,483 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Staten Island

County

Richmond

State

New York

Longitude

-74.1634

Latitude

40.5429

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FAQs

What type of property is this?

Bank - NNN leased bank branch with corporate guarantee and prime location.

Where is this bank located?

The property is located at 3881 Richmond Ave Staten Island, NY.

What is the asking price?

The asking price for this property is $4,300,000.

What are key features of this property?

This property features: Investment grade credit tenant (S&P Rating "A-") with corporate backed guarantee.; Absolute net lease with tenant responsible for all expenses, offering a long term passive investment opportunity with 11 years remaining.; Strategic hard corner location with high traffic counts (39,819 VPD+).