416 Windsor HwyNew Windsor, NY 12584

For Sale
$9,150,000

High-yield retail investment, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Walgreens (NYSE: WBA) with S&P Investment Grade Credit.
  • Long-term, absolute triple-net (NNN) lease.
  • Built-in rent increases during the base term and option periods.
  • High-traffic location at a signalized intersection, near three supermarkets.
  • Proximity to ShopRite, Hannaford, and Price Chopper (approx. 600 feet).
  • Strong demographics: Average household income exceeding $114,000 within a 3-mile radius.

Property Details for 416 Windsor Hwy

Property type
Lifestyle centers, Power centers
Square Feet
14,550 SF
Lot Size (sq. ft)
74,052 SF

Location Insight

City
New Windsor
County
Orange
State
New York
Latitude
41.455057817925
Longitude
-74.056902084831
416 Windsor Hwy, New Windsor, New York

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416 Windsor Hwy
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