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 Market631
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
(212) 710-5250
Listed By:
Britt Raymond · License #10491212709
(704) 517-4712
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Oct 25
Last Checked: Oct 28 at 11:08AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$266,922
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,338,440
$5.3M
Cap Rate 7%
$3,813,171
$3.8M
Cap Rate 9%
$2,965,800
$3.0M
Market Conditions
NOI Build-Up for 14,742 SF
Gross rent
$371.5K $25.20/SF
− Vacancy
−$15.6K −$1.06/SF
EGI
$355.9K $24.14/SF
− OpEx
−$89.0K −$6.04/SF
NOI
$266.9K $18.11/SF
Area
Dutchess County, NY
Vacancy
4.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,338,440
Cap Rate 7%
$3,813,171
Cap Rate 9%
$2,965,800
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
14,422 visits/mo
0.1 miles
Starbucks
Dining
12,186 visits/mo
0.5 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Energy Health Supplement — 6 Flynn Ln, Poughkeepsie, NY 12603, United States
- Holistic Healing & Nutrition — 695 Dutchess Turnpike suite 206-f, Poughkeepsie, NY 12603
- Chelsea Winant — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
- Jennifer Glasgow — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
- Peter Errico — 722 Dutchess Turnpike, Poughkeepsie, NY 126036430
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.
