2 Victory CtNewburgh, NY 12550

For Sale
$2,099,900

High-Yield NNN Leaseback Investment

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 5,300 square foot medical office building in Newburgh, NY presents a compelling investment opportunity. The property boasts a 100% occupancy rate with a single, established medical tenant under an absolute triple-net (NNN) lease, offering significant cash flow. The current lease, with approximately eight years remaining, includes a 2% annual rent escalation, ensuring consistent income growth. The building, constructed in 1956 and situated on a 0.54-acre lot, is well-maintained and in excellent condition. The asking price is $2,099,900, representing a 7.5% capitalization rate based on the 2024 Net Operating Income of $157,979. The property's prime location, just 1.5 miles from I-84 and 4 miles from I-87, provides convenient access to major transportation arteries and surrounding areas, including Dutchess, Rockland, Westchester counties, NYC, and Northern NJ. The high daily traffic count of 12,271 vehicles further enhances the property's visibility and accessibility. This sale-leaseback opportunity offers a secure, high-yield investment with a strong tenant and a favorable lease structure. The property is zoned for business use and comprises a single-story building.

Highlights

  • Absolute NNN lease with established medical tenant; 10-year lease term remaining.
  • 2024 NOI: $157,979; 7.5% capitalization rate.
  • 2% annual rent escalations.
  • Excellent location: 0.5 miles to I-84, 4 miles to I-87, and 4 miles to Dutchess County.
  • Well-maintained single-story building on a 0.54-acre lot.

Property Details for 2 Victory Ct

Property type
Other office properties, Medical offices
Square Feet
5,300 SF
Class
B
Year Built
1956
Buildings
1
Stories
1
Lot Size (sq. ft)
23,522 SF
Units
1

Location Insight

City
Newburgh
County
Orange
State
New York
Latitude
41.5377437
Longitude
-74.0410798
2 Victory Ct, Newburgh, New York

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2 Victory Ct
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