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CVS 4051-4055 Hylan Blvd

12,487 SF Retail Building Staten Island, NY 10308 $16,253,552 CAD ($1,302 CAD/SF) 6% Cap Rate

Investment Highlights

  • Current lease agreement includes 16+ Years Remaining on NN Lease with CVS. Four, 5 Year Options
  • The investment features 10% Increases Every 10 Years in Option Periods
  • This asset boasts a 12,487 SF Building on a 0.97 AC lot
  • Prime location sees a traffic count of 31,000+ VPD

Executive Summary

This offering presents a performing CVS Pharmacy located on a desirable corner of Hylan Blvd. This asset is conveniently located to other major retailers including a variety of food service options and financial services provider. With over 31,000 vehicles per day passing this location this asset receives ample exposure. The current lease agreement includes 16+ Years Remaining on NN Lease.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,487 SF
Building Class
C
Year Built
2013
Price
$16,253,552 CAD
Price Per SF
$1,302 CAD
Cap Rate
6%
NOI
$975,213 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
300 Exterior
Building FAR
0.30
Land Acres
0.97 AC
Zoning
R3A - Low density residential zone
Parking
37 Spaces (2.96 Spaces per 1,000 SF Leased)

Amenities

  • Drive Thru
  • Storage Space
  • Air Conditioning
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
24,395
138,137
275,163
396,431
2029 Population
24,101
136,277
270,634
390,763
2024-2029 Projected Population Growth
-1.2%
-1.4%
-1.7%
-1.4%
Median Age
44.5
44.1
42.8
42.1
College Degree + Higher
40%
37%
35%
22%
Daytime Employees
4,463
23,343
65,671
94,272
Total Businesses
841
3,689
9,651
13,949
Average Household Income
$136,339
$123,180
$120,561
$115,319
Median Household Income
$114,131
$99,936
$95,395
$90,420
Total Consumer Spending
$368.3M
$1.9B
$3.7B
$5.1B
2024 Households
8,926
50,076
97,434
139,584
Average Home Value
$684,304
$665,257
$667,198
$666,676
$ values in USD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05276-0012
Land Assessment
$919,838 CAD
Improvements Assessment
$1,847,788 CAD
Total Assessment
$2,767,626 CAD
  • Listing ID: 33055155

  • Date on Market: 2024-09-04

  • Last Updated:

  • Address: 4051-4055 Hylan Blvd, Staten Island, NY 10308

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