Marcus & Millichap is pleased to offer for sale the fee simple interest in a freestanding, Bank of America located on Staten Island, New York. The lease is a long term, absolute triple net (“NNN”) lease with 13 years remaining with 17% rent bumps in years 4 and 9. Bank of America, N.A. is a wholly owned subsidiary of Bank of America Corporation, which has an investment grade ‘A+’ rating from S&P. The Property is strategically positioned at the intersection of two major retail corridors with combined Traffic Counts of 33,187 VPD in a high density, affluent market with almost 150,000 people in 3 miles with income levels 60% above the NYC MSA average. The Property is adjacent to Eltingville Train Station of the Staten Island Rapid Transit which serves 5 million riders annually. Within walking distance of the Property are the area's two main retail centers, Eltingville Shopping Center and Amboy Shopping Center. This offering represents a unique opportunity to acquire an Investment Grade, Long Term, Absolute NNN, Single Tenant Net Lease property with no landlord responsibilities located in a high density, affluent, infill market surrounded by national retailers.
- Additional URL marcusmillichap.com
- Building size 3,483 SF