31-59 Peach Pl Middletown, NY 10940

Listing Agency McGrath Realty Inc Hopewell Junction r***@mcgrathny.com Show Phone

Listed by Ryan P. McGrath · License #10401313731 Show Phone

Source Elliman

Added: Apr 28 Checked: Jul 17 at 4:26 am

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Investment Insights

Based on property information with market context.

This purpose-built ambulance facility, delivered in 1998, is projecting $54,906 in Year 1 Net Operating Income (NOI) under the First Renewal Term, which runs through June 2029. The lease includes one additional 3-year option extending through June 2032. Operating under a single-tenant NNN lease structure, the agreement features CPI-or-3% escalators. The landlord has issued the First Renewal Term amendment to the tenant under identical terms, with the corporate guaranty expressly extended; tenant execution is pending. The property is available as a standalone acquisition or as part of a three-property portfolio that includes locations in Newburgh and Kingston. The bike score is 8, indicating it is somewhat bikeable, and the walk score is 11, indicating it is car-dependent.

Key Highlights

• Projected $54,906 Year 1 NOI under First Renewal Term.
• Single‑tenant NNN lease structure.
• Lease runs through June 2029 with a 3‑year option through June 2032.

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FAQs

What type of property is this?

Medical center - Single-tenant NNN ambulance facility with renewal term through June 2029.

Where is this medical center located?

The property is located at 31-59 Peach Pl Middletown, NY.

What is the asking price?

The asking price for this property is $785,000.

What are key features of this property?

This property features: Projected $54,906 Year 1 NOI under First Renewal Term.; Single‑tenant NNN lease structure.; Lease runs through June 2029 with a 3‑year option through June 2032.