Restaurant
Wendy's
26 Richmond Hill Rd, Staten Island, NY 10314
Listing Price: $3,200,000
Investment Overview
Marcus & Millichap is pleased to offer for sale a 3,337-square-foot drive-through restaurant in Staten Island, NY (the Property), in which Wendy’s has over six years remaining on their long-term, triple-net ground lease. This location has operated as a Wendy’s since 1999, and the tenant, a New Jersey-based Wendy’s operator, recently exercised its third renewal option, showing strong commitment to the site. The lease features significant rent increases in 2025 and at the beginning of the one remaining five-year renewal option to offset inflation.
The Property is located near the intersection of Richmond Hill Road and Richmond Avenue directly north of the Staten Island Mall, the largest retail center on the island and the second largest shopping center in New York City. The mall’s tenants include Macy’s, Zara, The Apple Store, Armani Exchange, Steve Madden, and numerous other specialty retailers. Other retail in the surrounding area includes CVS, Marshalls, DSW, Dick’s Sporting Goods, Men’s Warehouse, Costco, Target, Trader Joe’s, HomeGoods, Best Buy and many more.
Wendy's
Investment Highlights
- Over Six Years Remaining on NNN Ground Lease and Rental Increases in Term and Option Period
- Tenant Executed Early Lease Extension Showing Strong Commitment to the Site
- Near Signalized Intersection with Visibility to Over 61,500 Vehicles Per Day
- Staten Island Mall Outlot — Second Largest Shopping Center in New York City
- Prime Retail Location — Macy's, JCPenney, Zara, Ulta Beauty, The Apple Store, Costco, Trader Joe's, Dick's Sporting Goods, Dave & Buster's, Chick-fil-A, Shake Shack & More
- Strong Demographics — Average Household Income of $127,891 Within Three-Mile Radius
Exclusively Listed By
Broker of Record
Listing Price: $3,200,000
Investment Highlights
- Over Six Years Remaining on NNN Ground Lease and Rental Increases in Term and Option Period
- Tenant Executed Early Lease Extension Showing Strong Commitment to the Site
- Near Signalized Intersection with Visibility to Over 61,500 Vehicles Per Day
- Staten Island Mall Outlot — Second Largest Shopping Center in New York City
- Prime Retail Location — Macy's, JCPenney, Zara, Ulta Beauty, The Apple Store, Costco, Trader Joe's, Dick's Sporting Goods, Dave & Buster's, Chick-fil-A, Shake Shack & More
- Strong Demographics — Average Household Income of $127,891 Within Three-Mile Radius
Investment Overview
Marcus & Millichap is pleased to offer for sale a 3,337-square-foot drive-through restaurant in Staten Island, NY (the Property), in which Wendy’s has over six years remaining on their long-term, triple-net ground lease. This location has operated as a Wendy’s since 1999, and the tenant, a New Jersey-based Wendy’s operator, recently exercised its third renewal option, showing strong commitment to the site. The lease features significant rent increases in 2025 and at the beginning of the one remaining five-year renewal option to offset inflation. The Property is located near the intersection of Richmond Hill Road and Richmond Avenue directly north of the Staten Island Mall, the largest retail center on the island and the second largest shopping center in New York City. The mall’s tenants include Macy’s, Zara, The Apple Store, Armani Exchange, Steve Madden, and numerous other specialty retailers. Other retail in the surrounding area includes CVS, Marshalls, DSW, Dick’s Sporting Goods, Men’s Warehouse, Costco, Target, Trader Joe’s, HomeGoods, Best Buy and many more.
Exclusively Listed By
Broker of Record
