Listing Agency: HMX Realty Advisors - Corporate Show Phone

Listed By: Daniel de Sa · License #10311201830

Source: Moodyscre

Added: Aug 30, 2024 Changed: Aug 17 Last Checked: Aug 22 at 12:59PM

Report an Issue

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 HMX Realty Advisors - Corporate

Investment Insights

Based on property information with market context.

This property features a long-term, absolute triple net lease with rent increases in the base term and options. The location is very busy, situated near two signalized intersections and between three supermarkets. Specifically, it is approximately 600 feet from a Shop Rite, Hannaford, and Price Chopper. The surrounding area exhibits strong demographics, with an average household income exceeding $114,000 within a 3-mile radius. Consumer spending within a 5-mile radius was over $927 million in 2023. The property is located in affluent Orange County within the Hudson Valley.

Key Highlights

• Long term, absolute triple net lease
• S&P Investment Grade Credit (Walgreens | NYSE: WBA)
• Strong demographics** – average household income in 3‑miles: $114k+

Property Analytics

Property Profile

Current Use

Walgreens Pharmacy Pharmacy Walgreens Photo (Bike/Boat/Book/etc) Store Walgreens Pharmacy FedEx OnSite Postal Service COVID-19 Drive-Thru Testing ... Pharmacy

Suggested Use

Top Pick Real Estate Agency Law Firm Storage Facility HVAC Service Garden Center Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

558

Businesses Nearby

118k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Dining 28% Groceries 19% Electronics 6%

McDonald's Dining

31,052 visits/mo 0.1 miles

Hannaford Groceries

22,932 visits/mo 0.2 miles

Citgo Shops & Services

15,726 visits/mo 0.1 miles

Mobil Shops & Services

14,295 visits/mo 0.0 miles

Bank of America Shops & Services

8,323 visits/mo 0.2 miles

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar Off Market Nearby

• Walgreens Pharmacy — 416 Windsor Hwy, Vails Gate, NY 12584
• Hannaford Pharmacy — 2636 NY-32, New Windsor, NY 12553
• Stephen Lochner — 2636 NY-32, New Windsor, NY 12553
• Daniel Matos — 2636 NY-32, New Windsor, NY 125538347
• Marybeth Walker — 2636 NY-32, New Windsor, NY 12553

Frequently Asked Questions

What type of property is this?

Drug store - Long-term NNN lease with rent increases near supermarkets.

Where is this drug store located?

The property is located at 416 Windsor Hwy Vails Gate, NY.

What is the asking price?

The asking price for this property is $9,150,000.

What are key features of this property?

This property features: Long term, absolute triple net lease; S&P Investment Grade Credit (Walgreens | NYSE: WBA); Strong demographics** – average household income in 3‑miles: $114k+