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Caliber Collision - Staten Island, NY 2550 Richmond Ter

12,888 SF Retail Building Staten Island, NY 10303 £4,059,351 (£315/SF) 4.68% Net Initial Yield

Investment Highlights

  • Staten Island - New York City MSA - Location Provides Excellent Visibility and Urban Accessibility; Part of the Attractive Staten Island Market
  • Caliber Collision is the Nation’s Largest Collision Repair Provider, With More Than 1,700 Convenient Locations in 40 States and Growing
  • Triple Net Lease Structure With Minimal Landlord Responsibilities, Appealing For Passive Investors
  • Long History of Collision Center Tenancy in a Location That Has a High Barrier to Entry; Resulting in the Continuation of Successful Operations
  • The Property is Leased Below the Market Rate, Offering the Possibility of Upside in the Future, Thus Making This Opportunity a Safe Investment
  • The Location Has a Strong Customer Base and a 4.8-Star Rating From Over 200 Reviews, Indicating Consistent Operational Performance

Executive Summary

Sands Investment Group is Pleased to Exclusively Offer For Sale the 12,888 SF Caliber Collision Located at 2550 Richmond Ter in Staten Island, NY. This Deal Includes a Triple Net Lease Structure With Minimal Landlord Responsibilities, Appealing For Passive Investors, Providing For a Secured Investment.

In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
12,888 SF
Building Class
C
Year Built
1931
Price
£4,059,351
Price Per SF
£315
Net Initial Yield
4.68%
NOI
£190,041
Tenancy
Single
Number of Floors
1
Building FAR
1.10
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
M3-1 - mixed use/commercial
Parking
24 Spaces (1.86 Spaces per 1,000 SF Leased)
Frontage
56 ft on Richmond Ter

Amenities

  • Bus Route
  • Corner Lot
  • Signage

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Caliber Collision
  • Retailer
  • 12,888 SF
  • £14.09
  • NNN
  • Sep 2029
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Caliber Collision Retailer 12,888 SF £14.09 NNN Sep 2029

Nearby Major Retailers

Key Food
Flagstar
LA Fitness
Stop & Shop Supermarket
Starbucks
Rent-A-Center
IHOP
Bank of America
TD Bank
Santander

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01150-0041
Land Assessment
£47,534
Improvements Assessment
£137,320
Total Assessment
£184,854
  • Listing ID: 34104914

  • Date on Market: 06/12/2024

  • Last Updated:

  • Address: 2550 Richmond Ter, Staten Island, NY 10303

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