6.9% CAP NNN / Medical Office / 1.5 miles from I-84

2 Victory Court, Newburgh, NY 12550

  • For Sale $2,200,000
  • Property Type Office - Medical Office
  • Property Size 5,300 SF
  • Units 1
  • Lot Size 0.54 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1956
  • Year Renovated 2006
  • Date Updated Nov 13, 2024
1.5 miles to I-84 Newburgh (Exit 39A) / 4 miles to I-84 / I-87 Interchange 5 miles to Beacon, NY 6 miles to Fishkill, NYBerkshire Hathaway HS Hudson Valley is pleased to exclusively present a freestanding NNN Medical Office in Newburgh, New York. The property is subject to a new ten-year absolute net lease with over nine years remaining. The tenant is Somers Orthopaedic Surgery and Sports Medicine, and the lease offers a full-term guaranty from the tenant and features an attractive 2% annual rent increase. The property is ideally positioned on a highly trafficked road seeing over 14,000 vehicles daily. Nearby retailers include Walgreens, Big Lots, Shop Rite, McDonalds and more. Located 3 miles from Saint Luke's Hospital and 4 miles from the Newburgh-Beacon bridge on I-84. The area is densely populated, with more than 93,000 people residing within five miles of the subject property.

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Attachments

Highlights

  • Price: $2,200,000, Net Operating Income: $150,645, Cap Rate: 6.9%
  • 10 Year Absolute NNN. 2% Annual Rent Increase
  • 1.5 Miles From I-84 Newburgh
  • 3 Miles to Saint Luke's Hospital
  • 4 Miles from Newbugh-Beacon Bridge
  • High Growth Market

Contacts

broker

Brian Mossey

Berkshire Hathaway HomeServices Hudson Valley Properties

Location

Getting Around

  • Walk Score ®

    25/100 Car-Dependent

  • Bike Score ®

    6/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Newburgh, NY
  • Neighborhood Gardnertown
  • Zip Code 12550
  • Market White Plains

Points of Interest

  • Beacon

    3.66 miles

  • Verplank Avenue & Route 9D

    3.76 miles

  • New Hamburg

    5.91 miles

  • Route 9 & Wenliss Terrace

    7.83 miles

  • Galleria Food Court

    8.63 miles

  • Cold Spring

    9.50 miles

  • Sunoco

    0.89 miles

  • BP

    0.93 miles

  • Sunoco Gas Station

    1.58 miles

  • Stewart's

    1.62 miles

  • Valero

    1.74 miles

  • Citgo

    1.75 miles

  • Mobil

    1.92 miles

  • QuickChek

    1.98 miles

  • Tesla Supercharger

    3.07 miles

  • IBM Building 008 Charger

    9.56 miles

  • Tandem Trailer Lot

    2.37 miles

  • Newburgh Park and Ride

    2.50 miles

  • Boat Launch

    3.28 miles

  • ARFF Lot

    3.54 miles

  • Manager Parking

    4.13 miles

  • Short Term Parking

    4.13 miles

  • Employee Parking

    4.15 miles

  • Rental Cars

    4.16 miles

  • Long Term Parking

    4.18 miles

  • 1

    4.19 miles

  • Economy Inn

    1.38 miles

  • Hudson Valley Inn

    1.49 miles

  • Budget Inn

    1.55 miles

  • Ramada Newburgh/West Point

    2.51 miles

  • Hampton Inn

    2.54 miles

  • Super 8 by Wyndham Newburgh/West Point Near Stewart Airport

    2.58 miles

  • Hudson Valley Hotel and Conference Center by FairBridge

    2.73 miles

  • Howard Johnson Inn - Newburgh

    2.88 miles

  • Orange Lake Motel

    2.91 miles

  • Hampton Inn & Suites

    2.91 miles

  • Domino's

    0.81 miles

  • Green Garden

    0.82 miles

  • Subway

    0.83 miles

  • Pizza Hut

    0.83 miles

  • Dunkin'

    0.85 miles

  • McDonald's

    0.96 miles

  • Nelly Latin Restaurant at Newburgh

    1.11 miles

  • Papa John's

    1.12 miles

  • Great Wall

    1.32 miles

  • KFC

    1.34 miles

  • Tots-N-Us

    1.62 miles

  • Balmville Elementary School

    1.97 miles

  • Gidney Avenue Memorial School

    1.97 miles

  • Newburgh Free Academy North Campus

    1.98 miles

  • Newburgh Free Academy

    2.11 miles

  • Mount Saint Mary College

    2.31 miles

  • Mount Saint Marys Academy

    2.33 miles

  • Meadow Hill Global Explorations Magnet School

    2.36 miles

  • Leptondale Christian Academy

    2.41 miles

  • West Street School

    2.47 miles

  • Pattycake Playhouse Inc.

    2.18 miles

  • Building Blocks Child Care Center

    2.95 miles

  • Butterhill Day School

    6.53 miles

  • Village Nursery School

    6.61 miles

  • Children's House Montessori

    7.07 miles

  • Stepping Stones Early Learning

    8.08 miles

  • Heather's Child Place

    8.64 miles

Frequently Asked Questions

How much does 6.9% CAP NNN / Medical Office / 1.5 miles from I-84 cost?

The space currently listed for sale at 6.9% CAP NNN / Medical Office / 1.5 miles from I-84 asks for $2,200,000.

What is the total square footage of 6.9% CAP NNN / Medical Office / 1.5 miles from I-84?

6.9% CAP NNN / Medical Office / 1.5 miles from I-84 totals 5,300 square feet.

When was this property built?

6.9% CAP NNN / Medical Office / 1.5 miles from I-84 was built in 1956.

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Contact Listing Broker

broker

Brian Mossey

Berkshire Hathaway HomeServices Hudson Valley Properties