3881 Richmond Avenue, Staten Island, NY 10312 Asking Price :$ 4,500,000
LEE is pleased to offer for sale the fee simple interest in a single-tenant, freestanding Bank of America (the “Property” or “Asset”) located in Staten Island, New York. Situated at the intersection of Amboy Road and Richmond Avenue, the Asset is subject to an absolute triple net (“NNN”) lease to Bank of America, National Association (the “Tenant”), a wholly owned subsidiary of Bank of America Corporation, which carries an investment grade ‘A+’ rating from S&P credit rating agency. The Property is strategically positioned proximate to both the Eltingville Shopping Center and the Eltingville Train Station, benefiting from commuter and local traffic in the area. This offering represents an exceptional opportunity to acquire an asset located in an area boasting impressive population density surrounded by rational retailers, leased to one of the premier tenants in the net lease investment market.
Property Type Retail Investment Type Net Lease Lease Type NNN Tenant Credit Credit Rated Tenancy Single
Lease Expiration 07/31/2034 Remaining Term 14.7 years Square Footage 3,483 Price/Sq Ft $1,291.99
Cap Rate 5.42% NOI $244,000 Year Built 2014 Rent Bumps 3% Lease Options 2, 10-year Courtesy of JLL
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