933-939 Richmond Ave

933-939 Richmond Ave,
Staten Island, NY 10314

 

$6,800,000
Price
10,796
Building SF
6.42%
Cap Rate
26,000
Land SF
14.18
GRM
1975
Year Built
$6,800,000
Price
10,796
Building SF
6.42%
Cap Rate
26,000
Land SF
14.18
GRM
1975
Year Built

Presenting an exceptional investment opportunity at a prestigious Triple A location.

  • 933-939 Richmond Ave is situated at the bustling intersection of Richmond Avenue and Forest Avenue. This prime commercial property is anchored by the popular IHOP restaurant, ensuring a steady flow of foot traffic and visibility. This property represents a rare opportunity to acquire a high-performing commercial asset in a premier location. With established leases and minimal landlord obligations, it promises both stability and profitability for investors.

Key Features:

  • Anchor Tenant: IHOP, a renowned and reliable tenant, drawing consistent customer visits.
  • IHop is a Triple Net Leases (NNN). Providing the owner with minimal management responsibilities as tenants cover property taxes, insurance, and maintenance costs. Cast Iron Pot and Dragon Kim's Karate USA are both modified gross leases.
  • High Visibility: Situated on a highly trafficked location, this asset benefits from maximum exposure to passing vehicles and pedestrians.
  • Ample Parking: The property boasts a spacious parking lot with 36 parking spaces, accommodating customer and tenant needs comfortably.
  • Strong Financials: Generates a solid Net Operating Income (NOI) exceeding $400,000 annually, reflecting its status as an investment.
FOR MORE DETAILS CONTACT
Ron Molcho
Broker and Owner
(718) 981-3400
info@molchorealtygroup.com
Maurice Molcho
NJ | NY Assoc. RE Broker
(917) 657-1384
moe@molchorealtygroup.com