73 Plank RdNewburgh, NY 12550

For Sale
$950,000

High-Cap Rate Dunkin' NNN Lease

Overview

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

Highlights

  • Value-add retail investment opportunity.
  • Short-term lease expiring November 2025.
  • Absolute NNN lease; no landlord responsibilities.
  • Established tenant with a proven sales record.
  • Potential for redevelopment including a drive-thru.
  • Excellent retail location near national brands like McDonald's, Burger King, Walgreens, Pizza Hut, and Ocean State Job Lot.

Property Details for 73 Plank Rd

Property type
Other retail properties, Restaurants
Stories
1
Lot Size (sq. ft)
25,265 SF

Location Insight

City
Newburgh
County
Orange
State
New York
Latitude
41.5265494
Longitude
-74.0342811
73 Plank Rd, Newburgh, New York

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73 Plank Rd
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