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Floor & Decor Staten Island 98 Richmond Rd 50,000 SF Retail Building Staten Island, NY 10314 For Sale

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Executive Summary

Newmark has been retained on an exclusive basis to offer for sale 101 Richmond Hill Road, Staten Island, NY 10314 (the “Property” or “Offering”). The Property is situated within the Staten Island Mall shopping center, located in the New Springville submarket of Staten Island.
The Property is a single-story 50,000 square foot free-standing retail building with 333 parking spaces. The building features 20’ ceiling heights and 3 loading docks.
101 Richmond Hill Road is 100% leased to Floor & Decor, a specialty retailer for high quality flooring and tile. Floor & Decor spent over $10,000,000 ($200 PSF) on the fit-out of their first Staten Island store.
Floor & Decor signed a 15-year NNN lease starting at an annual rent of $1,750,000 with 10% increases every 5 years and an initial expiration date of January 2040 with four 5-year extension options. Tenant is responsible for everything except for roof and structure.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

50,000 SF

Building Class

Year Built/Renovated

1975/2025

Tenancy

Single

Building Height

1 Story

Building FAR

0.12

Lot Size

9.38 AC

Zoning

C4-1 - Regional Commercial Center Located outside of the Central Business Districts.

Parking

333 Spaces (6.66 Spaces per 1,000 SF Leased)

Frontage

239’ on Ring Rd.

Monument Signage

Air Conditioning

Major Tenants

Retailer
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Floor & Decor est un important détaillant spécialisé et distributeur commercial de revêtements de sol à surface dure, offrant ce qu'ils croient être la plus vaste sélection en stock de carrelage, de bois, de stratifié, de vinyle et de revêtements de sol en pierre naturelle de l'industrie. De plus, Floor & Decor stocke les outils, matériaux décoratifs et accessoires connexes nécessaires pour un guichet unique pour les projets de revêtement de sol à surface dure. Floor & Decor s'approvisionnera directement auprès de fabricants du monde entier pour offrir à ses clients les revêtements de sol les meilleurs et les plus innovants au monde, à des prix bas tous les jours. Ses grands magasins de format entrepôt stockent généralement de nombreux produits. La société a été fondée en 2000 et son siège social est situé à Atlanta, en Géorgie.