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Property profile

73 Plank Rd Newburgh, NY 12550

OFF-MARKET
Drive through restaurants
Property ID
US63-4804140
View Sample
2,616 SF 0.61 ac lot Built 1973
Entity Owned Free & Clear

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1973
Total area 2,616 SF
Lot 0.61 ac (26,664 SF)
APN 334600 75-1-10.1
UPID US63-4804140

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant Take-out & Catering

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2025
3 recorded transactions
2025
$1.0M
2004
Price N/A
1997
$350,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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