Corporate-Guaranteed NNN Retail
For Sale
Contact for pricing
5280 US RTE 9W, Newburgh, NY 12550
Absolute NNN retail lease to DG with corporate guarantee, long remaining term, and renewal options featuring scheduled rent increases.
Property Size9,100 SF
Price / SF$203.23
Days on Market84
Property Features for 5280 US RTE 9W
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$126,501
Additional Details
Traffic Count
19,000 vehicles/day
Building Details
Year Built
2022
Tenancy
Single
Listing Agency:
Touchstone Commercial Partners
Listed By:
Andrew Vu · License #01982366
Source:
Crexi
Added: Jun 2
Changed: Aug 21
Last Checked: Aug 24 at 12:39AM
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 Touchstone Commercial Partners
Investment Insights
Based on property information with market context.
This absolute NNN retail property is leased to Dollar General (DG) under a corporate guaranteed arrangement. The offering reflects 11.5+ years remaining and includes four additional 5-year renewal options, each with a 10% rent increase. The tenant is identified as an investment-grade company, listed on the NYSE, with S&P BBB credit rating noted in the remarks.
The location is along US Route 9W in Newburgh, NY, with the remarks citing approximately 19,000 vehicles per day in front of the DG store and a 97,000+ population within a 5-mile radius. Access is described via US-9W, I-84, and I-87, as well as proximity to New York Stewart International Airport. The remarks also reference a nearby Tesla automotive parts distribution hub totaling 927,000 square feet.
For investors seeking a stabilized NNN structure with contractual renewal provisions, this asset combines a long-dated lease term with defined rent escalations tied to renewal options. The corporate guarantee and the tenant’s investment-grade profile, as stated in the remarks, may be an important consideration for buyers evaluating credit and lease durability.
The location is along US Route 9W in Newburgh, NY, with the remarks citing approximately 19,000 vehicles per day in front of the DG store and a 97,000+ population within a 5-mile radius. Access is described via US-9W, I-84, and I-87, as well as proximity to New York Stewart International Airport. The remarks also reference a nearby Tesla automotive parts distribution hub totaling 927,000 square feet.
For investors seeking a stabilized NNN structure with contractual renewal provisions, this asset combines a long-dated lease term with defined rent escalations tied to renewal options. The corporate guarantee and the tenant’s investment-grade profile, as stated in the remarks, may be an important consideration for buyers evaluating credit and lease durability.
Key Highlights
- Absolute NNN retail lease to DG with corporate guaranteed lease
- 11.5+ years remaining term with four 5‑year renewal options
- Renewal options include scheduled 10% rent increases each option
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$110,762
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,215,240
$2.2M
Cap Rate 7%
$1,582,314
$1.6M
Cap Rate 9%
$1,230,689
$1.2M
Market Conditions
NOI Build-Up for 9,100 SF
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.
Gross rent
$163.8K $18.00/SF
− Vacancy
−$5.6K −$0.61/SF
EGI
$158.2K $17.39/SF
− OpEx
−$47.5K −$5.22/SF
NOI
$110.8K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,215,240
Cap Rate 7%
$1,582,314
Cap Rate 9%
$1,230,689
Alternative Uses
Best Use
Retail
$1.58M
$1.38M – $1.85M
NOI $110,762 @ 7.0% cap · market cap 5.99%
Second Best
Specialty Retail
$1.13M
$988.9K – $1.32M
NOI $79,115 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,744 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
19,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
121
Businesses Nearby
Explore this area
Business Placement
Demographics for 12550, NY
55,869
Population
22,204
Households
2.5
Avg Household Size
37
Median Age
26%
College-Educated
86%
High-School Grad
34.7 sq mi
ZIP Area
1,610
Density / Sq Mi
$78,019
Median Household Income
$40,762
Median Earnings
$1,466
Median Rent
$297,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Absolute NNN retail lease to DG with corporate guarantee, long remaining term, and renewal options featuring scheduled rent increases.
Where is this nnn property located?
The property is located at 5280 US RTE 9W Newburgh, NY.
What is the asking price?
The asking price for this property is $1,849,433.
What are key features of this property?
This property features: Absolute NNN retail lease to DG with corporate guaranteed lease; 11.5+ years remaining term with four 5‑year renewal options; Renewal options include scheduled 10% rent increases each option
