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Shopping Neighborhood

IHOP Center

935 Richmond Ave, Staten Island, NY 10314

Listing Price: $7,799,000

Cap Rate
6.16%
Rentable SF
10,796
Lot Size
0.93 acres
Year Built
1975

Investment Overview

Marcus and Millichap is proud to present this investment opportunity in Staten Island, NY. Currently an IHOP, Suchi Restaurant and Karate Studio, anchored by a Shop Rite grocery store. The property site is a 40,500-square foot lot, currently, 100% Occupied, NNN leases with approximately $480,625 NOI, the total gross leasable space is 10,800-square feet.

Investment Highlights

  • National & Local Tenants all NNN Leases | Units 3
  • Great synergistic out parcel location to larger Shopping Center | Shop Rite
  • Strong Demographics - nearby Staten Island Mall & CUNY College of Staten Island
  • IHOP | Base Term 5 YR with 1.25 YR Remaining | Franchisee Guarantee
  • Excellent exposure adjacent to the Dr. MLK Jr. Expy | Roughly VPD 94,000

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Listing Price: $7,799,000

Cap Rate
6.16%
Rentable SF
10,796
Lot Size
0.93 acres
Year Built
1975

Investment Highlights

  • National & Local Tenants all NNN Leases | Units 3
  • Great synergistic out parcel location to larger Shopping Center | Shop Rite
  • Strong Demographics - nearby Staten Island Mall & CUNY College of Staten Island
  • IHOP | Base Term 5 YR with 1.25 YR Remaining | Franchisee Guarantee
  • Excellent exposure adjacent to the Dr. MLK Jr. Expy | Roughly VPD 94,000

Investment Overview

Marcus and Millichap is proud to present this investment opportunity in Staten Island, NY. Currently an IHOP, Suchi Restaurant and Karate Studio, anchored by a Shop Rite grocery store. The property site is a 40,500-square foot lot, currently, 100% Occupied, NNN leases with approximately $480,625 NOI, the total gross leasable space is 10,800-square feet.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

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