1 Dalfonso Rd - Storefront FOR SALE


Newburgh, NY 12550
$4,350,000 USD
973-632-1386
1 Dalfonso Rd, Newburgh, NY for Sale
$4,350,000 USD
Storefront - FOR SALE
1/10
null | 5.75% Cap Rate

1 Dalfonso Rd
Newburgh, NY 12550


HIGHLIGHTS

  • Sherwin Williams corporate guaranteed lease – Investment Grade Credit
  • Brand new 10-year lease with 4 (5-year) option periods to extend | 10% rental increases every five years and at the beginning of each option period
  • Hub Store featuring larger footprint, higher projected sales volumes, regional importance, and more defensible location | Estimated Jan. 2026 opening
  • New Parking Lot overlay, Exterior Re-paint, Full Interior Remodel, and HVAC with transferable 10-year Warranties
  • Located along State Highway 17K (16,900 VPD)
  • Anchored by national/credit tenants including Target, Lowe’s Home Improvement, The Home Depot, Walmart Supercenter, Kohl’s, ALDI, and more

OVERVIEW

• Sherwin Williams corporate guaranteed lease • Brand new 10-year lease with 4 (5-year) option periods to extend, demonstrating their commitment to the site • The lease features 10% rental increases every five years and at the beginning of each option period, growing NOI and hedging against inflation • Estimated Jan. 2026 opening, lease has commenced with no remaining contingencies, Owner to consider sale prior to Tenant opening and provide a rent credit to Buyer

FOR SALE DETAILS

PRICE

$4,350,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin Williams | New 10yr Corp NN w/ Incrs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,007 SF

ZONING

-

APN/PARCEL ID

334600-097-000-0001-027.210-0000

ASK ABOUT THIS PROPERTY

Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

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Kyle FantSRS Real Estate PartnersMore Info
973-632-1386

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.