2 Victory Ct, Newburgh, NY 12550-1745

This exceptional investment opportunity presents a cash-flowing medical office building situated on a 0.54-acre lot at 2 Victory Ct, Newburgh, NY. Currently leased to an established medical tenant under an absolute triple-net lease with approximately eight years remaining on a ten-year term, this property boasts a strong net operating income of $151,845 annually, with a built-in 2% annual escalation clause. The property offers a compelling 7.5% capitalization rate, making it an attractive addition to any investment portfolio. The building itself is in excellent condition and meticulously maintained, ensuring long-term value and minimal operational concerns. Its prime location benefits from high visibility and significant traffic volume, with a daily count of 12,271 vehicles passing by. Convenient access to major transportation arteries is a key advantage, situated just 1.5 miles from I-84 and 4 miles from I-87, providing easy access to Dutchess, Rockland, Westchester counties, New York City, and Northern New Jersey. The building utilizes oil-based heating. This is a rare opportunity to acquire a stable, high-performing asset in a desirable commercial location. The asking price is $1,800,000.