Cash flowing investment property with an established medical tenant. The property produces $151, 845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12, 271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc...
Lot Size: 0.5438 Parking Spaces: Yes Parking Facilities: Off Street, Parking Lot, Private
Heat: Forced Air, Oil A/C: Central Air Water: Drilled Well Sewer: Septic Tank
Taxes: $24,168
School District: Newburgh
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