6.9% CAP NNN / Medical Office / 1.5 miles from I-84
2 Victory Court
Newburgh, NY 12550
Highlights
- Price: $2,200,000, Net Operating Income: $150,645, Cap Rate: 6.9%
- 10 Year Absolute NNN. 2% Annual Rent Increase
- 1.5 Miles From I-84 Newburgh
- 3 Miles to Saint Luke's Hospital
- 4 Miles from Newbugh-Beacon Bridge
- High Growth Market
Description
Berkshire Hathaway HS Hudson Valley is pleased to exclusively present a freestanding NNN Medical Office in Newburgh, New York. The property is subject to a new ten-year absolute net lease with over nine years remaining. The tenant is Somers Orthopaedic Surgery and Sports Medicine, and the lease offers a full-term guaranty from the tenant and features an attractive 2% annual rent increase.
The property is ideally positioned on a highly trafficked road seeing over 14,000 vehicles daily. Nearby retailers include Walgreens, Big Lots, Shop Rite, McDonalds and more. Located 3 miles from Saint Luke's Hospital and 4 miles from the Newburgh-Beacon bridge on I-84. The area is densely populated, with more than 93,000 people residing within five miles of the subject property.
1.5 miles to I-84 Newburgh (Exit 39A) / 4 miles to I-84 / I-87 Interchange
5 miles to Beacon, NY
6 miles to Fishkill, NY