Turn Key NNN 8.5% Cap Investment | 1099 Targee St
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Turn Key NNN 8.5% Cap Investment 1099 Targee St
11,787 SF Office Building Staten Island, NY 10304 $6,676,888 CAD ($566.46 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully Leased Medical Building
- Strong Annual Increases
- Conveniently Located Right off the Highway and Minutes from VZ Bridge
EXECUTIVE SUMMARY
Presenting 1099 Targee Street, a premier medical office building fully leased to a prominent medical group, demonstrating a strong presence since 2020. This distinguished tenant has committed to a remaining lease term of four years, ensuring stable and enduring occupancy. Structured as a triple net lease, this investment offers the simplicity of minimal landlord obligations, presenting an attractive and low maintenance opportunity. Strategically positioned at the busy intersection of Targee Street & Columbus Avenue, the property commands a prominent corner location, enhancing its visibility and accessibility. This medical office building represents a unique opportunity to invest in a property with a secure tenant and a proven track record of stability.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
11,787 SF
Building Class
B
Year Built/Renovated
1990/2000
Price
$6,676,888 CAD
Price Per SF
$566.46 CAD
Cap Rate
8.50%
NOI
$567,276 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,893 SF
Building FAR
0.82
Lot Size
0.33 AC
Zoning
R2
AMENITIES
- Bus Line
- Signage
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Transit Score®
Excellent Transit (72)
PROPERTY TAXES
| Parcel Number | 03183-0001 | Improvements Assessment | $1,814,128 CAD (2024) |
| Land Assessment | $284,454 CAD (2024) | Total Assessment | $2,098,582 CAD (2024) |
PROPERTY TAXES
Parcel Number
03183-0001
Land Assessment
$284,454 CAD (2024)
Improvements Assessment
$1,814,128 CAD (2024)
Total Assessment
$2,098,582 CAD (2024)
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Turn Key NNN 8.5% Cap Investment | 1099 Targee St
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