416 Windsor Hwy New Windsor, NY 12584

Property Details for 416 Windsor Hwy

Lot size

1.70 lot acres

Property type

Retail space

APN

334800 69-2-13

APU

33480069213

Description

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.

Location Insight

City

New Windsor

County

Orange

State

New York

Longitude

-74.0573

Latitude

41.4555

CBSA code

39100

CBSA name

POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments