Freestanding Hospital Investment on Hylan Boulevard in Staten Island

INVESTMENT HIGHLIGHTS
 Leased to one of Staten Islands biggest organizations
 Full Corporate guarantee by RUMC

EXECUTIVE SUMMARY
 Prime Location: Positioned at a high-traffic intersection, enhancing visibility and accessibility.
 Stable Tenant: RUMC has been at this location for 10 years, and recently exercised early their option to extend showcasing long-term stability and reliability.
 Strong Lease Terms: Full corporate guarantee and annual rent increases.
 Low Management Burden: Tenant handles all real estate taxes and property maintenance, reducing owner responsibilities.
 This property offers a secure investment with a reputable tenant and favorable lease conditions, making it an attractive opportunity for investors seeking steady income and minimal management hassle.
 Freestanding building on a large parcel at the busy corner of Hylan Blvd & Richmond Avenue.
 Current Tenant: Richmond University Medical Center (RUMC)
 Lease Term: 6 years remaining with annual rent escalations.
 Lease Details: Full corporate guarantee by Richmond University Medical Center.
 Responsibilities: RUMC covers 100% of real estate taxes and property maintenance. Investment Highlights:

PROPERTY FACTS
 Sale TypeInvestmentProperty TypeRetailProperty SubtypeFreestandingBuilding Size7,000 SFBuilding ClassBYear Built1970Price$5,600,000Price Per SF$800Cap Rate5.62%NOI$315,000Percent Leased100%TenancyMultipleBuilding Height2 StoriesBuilding FAR0.80Lot Size0.20 ACZoningC1-2/R3-1/SRDParking25 Spaces (3.57 Spaces per 1,000 SF Leased)Frontage84 FT on Hyland Blvd