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    1161 Victory Blvd Staten Island, NY 10301

    For Sale
    $10,000,000

    High-yield Walgreens, Staten Island

    Property size:
    13,961 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 13,961 square foot Walgreens located at 1161 Victory Blvd, Staten Island, NY 10301. The property boasts a strong 5.14% cap rate, generating a net operating income (NOI) of $514,250. Secured by a corporate guarantee, the absolute NNN ground lease features a remaining term of 13.3 years, extending to February 28, 2038, with favorable 10% rent bumps throughout the base and option periods. The lease includes option periods of 4, 5, and 1 (final) years. Built in 2012, this single-tenant property sits on a 0.73-acre lot and includes 45 parking spaces. The property benefits from an irreplaceable corner location with high visibility, surrounded by national tenants and experiencing 31,874 vehicles per day (VPD) passing the site (at the intersection of Clove Rd & Victory Blvd), with easy access to I-278 (Staten Island Expressway) which sees 162,000 VPD just one mile south. The current rent of $33 per square foot is easily replaceable given the high-profile location. The property's proximity to Richmond University Medical Center, a major healthcare facility, further enhances its value and stability. The asking price is $10,000,000. This is a rare opportunity to acquire a high-performing, low-risk net lease investment with significant long-term growth potential.

    Property Features for 1161 Victory Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    13,961 SF
    Lot Size
    31,799 SF

    Building Details

    Year Built
    2012

    HighLights

    • 10% rent increases every 5 years, 15 years remaining on an absolute NNN, corporately guaranteed Walgreens lease.
    • High‑traffic corner location with 31,874 vehicles per day (VPD) and proximity to I‑278 (162,000 VPD).
    • $33/SF rent, easily replaceable in this high‑demand location.
    • Strong tenant: Richmond University Medical Center (RUMC), a 470+ bed hospital with over 2,600 employees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Richmond University Medical ... Women'S Health Clinic Giselle Jimenez, MD Doctor Ali Salman, MD Medical Clinic Helen Kay Surgeon Francesco Rotatori, MD Cardiologist

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -74.1033034
    Latitude
    40.6167807

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    FAQs

    What type of property is this?
    Individual retail property - High-yield Walgreens, Staten Island
    Where is this individual retail property located?
    The property is located at 1161 Victory Blvd Staten Island, NY.
    What is the asking price?
    The asking price for this property is $10,000,000.
    What are key features of this property?
    This property features: 10% rent increases every 5 years, 15 years remaining on an absolute NNN, corporately guaranteed Walgreens lease.; High-traffic corner location with 31,874 vehicles per day (VPD) and proximity to I-278 (162,000 VPD).; $33/SF rent, easily replaceable in this high-demand location.
    Request Owner's contact information
    1161 Victory Blvd Staten Island, NY 10301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1161 Victory Blvd Staten Island, NY 10301
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