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    416 Windsor Hwy New Windsor, NY 12584

    For Sale
    $9,150,000

    High-yield retail investment, strong tenant.

    Property size:
    14,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 14,550-square-foot Walgreens located at 416 Windsor Hwy, Vails Gate, NY 12584, in Orange County. The property boasts a strong 6.32% cap rate and a substantial net operating income (NOI) of $578,609. Secured by a credit-rated, corporate-guaranteed absolute triple-net (NNN) lease with Walgreens, a publicly traded company (NYSE: WBA) and S&P Investment Grade Credit, this investment offers significant long-term stability. The lease commenced November 1, 2011, and extends to November 30, 2036, providing a remaining term of 12 years. Rent increases are built into the base term and options, ensuring consistent income growth. Situated on a 1.7-acre lot, this Walgreens enjoys a prime location near two signalized intersections and is approximately 600 feet from three major supermarkets: Shop Rite, Hannaford, and Price Chopper. The property benefits from strong demographics, with an average household income exceeding $114,000 within a 3-mile radius and over $927 million in consumer spending within a 5-mile radius in 2023. This affluent Orange County/Hudson Valley location ensures consistent high traffic and strong sales potential for the tenant. The asking price is $9,150,000, translating to a price per square foot of $628.87. This is a rare opportunity to acquire a high-performing, net-leased retail property with a blue-chip tenant in a desirable location.

    Property Features for 416 Windsor Hwy

    General Information

    Property type
    Lifestyle centers
    Square Feet
    14,550 SF
    Lot Size
    74,052 SF

    HighLights

    • Walgreens (NYSE: WBA) with S&P Investment Grade Credit.
    • Long‑term, absolute triple‑net (NNN) lease.
    • Built‑in rent increases during the base term and option periods.
    • High‑traffic location at a signalized intersection, near three supermarkets.
    • Proximity to ShopRite, Hannaford, and Price Chopper (approx. 600 feet).
    • Strong demographics: Average household income exceeding $114,000 within a 3‑mile radius.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nichole Calamari Pharmacy Lena Ocasio-Ortiz Pharmacy

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Windsor
    County
    Orange
    State
    New York
    Longitude
    -74.056902084831
    Latitude
    41.455057817925

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    FAQs

    What type of property is this?
    Lifestyle center - High-yield retail investment, strong tenant.
    Where is this lifestyle center located?
    The property is located at 416 Windsor Hwy New Windsor, 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: Walgreens (NYSE: WBA) with S&P Investment Grade Credit.; Long-term, absolute triple-net (NNN) lease.; Built-in rent increases during the base term and option periods.
    Request Owner's contact information
    416 Windsor Hwy New Windsor, NY 12584
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    416 Windsor Hwy New Windsor, NY 12584
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