73 Plank RdNewburgh, NY 12550

Property Details for 73 Plank Rd

Year built

1973

Lot size

0.61 AC

Property size (Sq ft)

2,616 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

334600 75-1-10.1

APU

334600751101

Description

This exceptional investment opportunity presents a single-tenant, net-leased Dunkin' restaurant located at 73 N Plank Rd, Newburgh, NY 12550. The property boasts a 3,000 square foot building situated on a 0.58-acre lot with 18 parking spaces. The current lease expires October 30, 2025, offering a remaining term of approximately 0.9 years. The property features a strong 10.06% cap rate, generating a Net Operating Income (NOI) of $95,562. This is an absolute NNN lease, meaning the landlord has no responsibility for property expenses. The Dunkin' location benefits from a high-traffic retail corridor, with nearby national tenants including McDonald's, Burger King, Walgreens, Pizza Hut, and Ocean State Job Lot. The area demonstrates strong demographics, with an average household income exceeding $118,000 within a one-mile radius. The property's proximity to I-84 (0.7 miles), a major highway with over 73,000 vehicles per day, further enhances its visibility and accessibility. The existing building presents a value-add opportunity, with potential for redevelopment, including the addition of a drive-thru. The asking price for this property is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $701,762

  6.5%

  $647,781

  7%

  $601,511

• Comparable approach

  Method

  Valuation

  Relative Method

  $862,520

  Geo Method

  $861,352

• Alternative Use

  Use

  Valuation

  Residential

  $546,427

  Hospitality

  $500,524

  Educational

  $416,430

  Medical

  $430,752

  Retail

  $647,781

Location Insight

City

Newburgh

County

Orange

State

New York

Latitude

41.5266

Longitude

-74.0343

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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