Freestanding Walgreens Investment
For Sale
Contact for pricing
825-827 Dutchess Tpke, Poughkeepsie, NY
Absolute NNN lease with over 11 years remaining.
Property Size14,742 SF
Lot Size1.45 Acres
Price / SF$508.75
Days on Market540
Property Features for 825-827 Dutchess Tpke
General Information
Standard status
Active
Size
14,742 SF
Lot size
1.45 Acres
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | New York
(704) 517-4712
Listed By:
Britt Raymond · License #10401281546
(704) 517-4712
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Jul 10
Last Checked: Jul 21 at 3:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | New York
Investment Insights
Based on property information with market context.
This is an opportunity to acquire the fee simple interest in a freestanding Walgreens investment property located in Poughkeepsie, NY. The property is equipped with a drive-thru. The tenant, Walgreen Eastern Co., Inc., has over 11 years of firm term remaining with options that can extend the term through 2086. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor. Walgreens is among the largest pharmacy retailers in the United States with over 8,000 operating locations. The property size is 14,742 square feet.
Key Highlights
- Absolute NNN lease with zero landlord responsibilities, ideal for passive investors.
- Corporate‑backed lease by Walgreen Eastern Co., Inc., a major national pharmacy retailer.
- Freestanding building with drive‑thru in Poughkeepsie, NY.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $371.5k | $25.20 |
| − Vacancy | −$15.6k | −$1.06 |
| EGI | $355.9k | $24.14 |
| − OpEx | −$89.0k | −$6.04 |
| NOI | $266.9k | $18.11 |
14,742 SF · lease $25.20/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.81M
$3.34M – $4.45M
NOI $266,922 @ 7.0% cap · market cap 3.56%
Second Best
Retail
$2.69M
$2.36M – $3.14M
NOI $188,625 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$4.44M
$3.88M – $5.18M
NOI $310,632 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,085
Businesses Nearby
122k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Groceries 31%
Dining 21%
Electronics 4%
Stop & Shop
Groceries
38,343 visits/mo
0.5 miles
Dollar Tree
Shops & Services
20,945 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
11,733 visits/mo
0.3 miles
Hudson Valley Federal Credit Union
Shops & Services
10,882 visits/mo
0.5 miles
Burger King
Dining
10,795 visits/mo
0.1 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Energy Health Supplement — 6 Flynn Ln, Poughkeepsie, NY 12603, United States
- Chelsea Winant — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
- Jennifer Glasgow — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
- Peter Errico — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
- Holistic Healing & Nutrition — 695 Dutchess Turnpike suite 206-f, Poughkeepsie, NY 12603
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with over 11 years remaining.
Where is this drug store located?
The property is located at 825-827 Dutchess Tpke Poughkeepsie, NY.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: Absolute NNN lease with zero landlord responsibilities, ideal for passive investors.; Corporate‑backed lease by Walgreen Eastern Co., Inc., a major national pharmacy retailer.; Freestanding building with drive‑thru in Poughkeepsie, NY.
