56 Crystal Run Rd Middletown, NY 10941
- Retail properties
- 2,500 SF
- 1.10 lot acres
Current Use by Public Records
- Retail properties
Property Details for 56 Crystal Run Rd
- Year built
- 2024
- Lot size
- 1.10 lot acres
- Property size
- 2,500 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a brand-new, single-tenant Starbucks located at 56 Crystal Run Rd, Middletown, NY 10941. The 2,500 square foot building, constructed in 2024, sits on a 1.1-acre lot with 39 parking spaces. Boasting a prime location directly off Route 17, less than half a mile from the Route 17 and I-84 interchange, this property benefits from exceptional visibility and high traffic counts. Crystal Run Road sees 18,261 vehicles daily, Route 17 sees 53,043, and I-84 sees 75,020. The property is surrounded by national retailers and is conveniently located near Garnet Health Medical Center. This Class A, net-leased property features a corporate guarantee and a 10-year lease commencing July 1, 2024, with a remaining term of 9.6 years. The asking price is $4,200,000, representing a 5.00% cap rate and a NOI of $210,000. Landlord responsibilities are limited to roof and structure maintenance. This is a truly exceptional opportunity to acquire a high-performing, low-maintenance investment in a thriving location. The property's strong tenant, excellent location, and long-term lease make it an ideal addition to any investment portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Orange
- State
- New York
- Longitude
- -74.3615
- Latitude
- 41.4457
