1849 South Rd - Freestanding FOR SALE


Wappingers Falls, NY 12590
$5,600,000 USD
845-231-1727
1849 South Rd, Wappingers Falls, NY for Sale
$5,600,000 USD
Freestanding - FOR SALE
1/5
null | 7.96% Cap Rate

1849 South Rd
Wappingers Falls, NY 12590


HIGHLIGHTS

  • 2 Fully Leased NNN Tenants
  • 100% Occupied
  • Exposure on both major commercial thoroughfare (rt 9) & a regional access road (rt 9D)
  • Turnkey Property with no Landlord responsibility

OVERVIEW

Houlihan Lawrence Commercial is pleased to present this exceptional opportunity for retail and freestanding building investors to acquire a fully leased, income-producing asset in one of Dutchess County’s most active commercial corridors. The property is positioned at the highly visible and strategic junction of Route 9 and Route 9D, offering 291 feet of frontage along Route 9 and 321 feet along Route 9D. The property is 100% occupied by two strong national tenants. Sherwin-Williams has been at this location since 2004. Staples has occupied its space since 1993. Recent capital improvements and zero deferred maintenance make this a fully stabilized, low-risk asset with consistent cash flow. Just minutes from Poughkeepsie and surrounded by dense residential communities and national retailers, this location benefits from high daily traffic and long-term market demand. Its dual-road frontage and proximity to key destinations ensure high visibility and sustained tenant success. Please contact Steve Salomone for offering memorandum with full lease details and Actual P&L.

FOR SALE DETAILS

PRICE

$5,600,000 USD

PRICE/SF

$244 USD /SF

CAP RATE

7.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Retail Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.41 AC

LAND SF

104,980 SF

ZONING

BH

APN/PARCEL ID

134689-6158-01-403863-0000

ASK ABOUT THIS PROPERTY

Steven SalomoneHoulihan Lawrence CommercialMore Info
845-231-1727

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Steven SalomoneHoulihan Lawrence CommercialMore Info
845-231-1727

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