78 Middletown RdNanuet, NY 10954

For Sale
$2,680,000

Prime Retail Investment, 7,818 SF, 7.6% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
97
This exceptional 7,818 square foot multi-tenant retail center presents a compelling investment opportunity in Nanuet, New York. Located at 78 South Middletown Road, this property boasts a highly visible position directly across from The Shops at Nanuet, a major shopping destination, and enjoys convenient access to Route 59, ensuring high traffic volume and excellent exposure. The building sits on a 0.76-acre lot and is zoned HC-N. Currently, the occupancy rate stands at 75%, offering immediate income potential. The asking price is $2,680,000, representing a strong 7.60% capitalization rate. The property is structured as a triple net (NNN) lease, minimizing landlord responsibilities. The building offers a unique opportunity for an owner-occupier, with approximately 2,200 square feet available for immediate use. This prime location, combined with the strong cap rate and potential for future growth, makes this a truly exceptional investment opportunity in a thriving retail market. The property's high visibility and convenient location ensure consistent exposure to a large and diverse customer base. This is a rare chance to acquire a well-situated retail center in a high-demand area. The property's size and configuration offer flexibility for a variety of retail uses.

Highlights

  • 7,818 SF multi-tenant retail center in Nanuet, NY.
  • High-visibility location across from The Shops at Nanuet, with easy Route 59 access.
  • 0.76-acre lot, HC-N zoning.
  • 75% occupancy, generating immediate income.
  • $2,680,000 asking price, 7.60% cap rate.
  • Triple-net (NNN) lease.

Property Details for 78 Middletown Rd

Property type
Other retail properties, Retail properties
Square Feet
7,818 SF
Lot Size (sq. ft)
33,106 SF

Location Insight

City
Nanuet
County
Rockland
State
New York
Latitude
41.0943107
Longitude
-74.0122474
78 Middletown Rd, Nanuet, New York
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78 Middletown Rd
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