Occupied Shopping Center

Property Description

100% Occupied Shopping Center in the Elm Park section of Staten Island. Property is located at the signalized corner of Forrest Avenue and Jewett Avenue. The other three corner are Walgreens, 7-Eleven, and a Shell gas station. Property was constructed in 2006 and is 27663 SF over three Levels. ~ 9500 SF (8 units) of ground Floor retail with front parking. ~ 9500 SF of second Floor Retail/Office Space (6 Units). ~8000 SF of lower-level office space (2 Units of legal office space as verified by attached C of O). Incredible mis of tenants include food uses, retail, and services. Incredible rate of tenant retention with very low turnover. Current rent at or below market with room for value-add. Gross income of approximately ~$890,000.00. Net of ~ $690,000.00. Please message for a detailed set-up.

Location Description

100% Occupied Shopping Center in the Elm Park section of Staten Island. Property is located at the signalized corner of Forrest Avenue and Jewett Avenue. The other three corner are Walgreens, 7-Eleven, and a Shell gas station.

Highlights

100% Occupied

Signalized Corner