The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire the single-tenant net-leased The Vitamin Shoppe in Kingston, NY. The Vitamin Shoppe operates over 670 locations across the country and was recently acquired by Kingswood Capital Management and Performance Investment Partners for over $193 million. The net lease has 4.9 years remaining in the primary term with two 5-year option periods, strong rent increases, and limited landlord responsibilities, making this asset ideal for an opportunistic investor seeking inflation-resistant cash flows. The rent is below market and replaceable, which offers long-term upside potential and low downside risk.
The 3,000 SF building on a 0.6-acre parcel is strategically located in Kingston’s busiest retail corridor, with traffic counts along Ulster Avenue exceeding 27,300 VPD. Nearby retailers include Target, Walmart Supercenter, Sam’s Club, The Home Depot, Lowe’s Home Improvement, Hannaford, McDonald’s, Starbucks, Chipotle, Panera Bread, and many more. Kingston is positioned between New York City, which has an MSA population exceeding 20 million, and Albany, the Capital of New York. This is a great opportunity to purchase a low-price net-leased retail investment located within a strong retail corridor with limited landlord responsibilities, multiple option periods, strong rent increases, and upside potential.