11 Maple Ave - Freestanding FOR SALE


Catskill, NY 12414
$2,199,000 USD
781-776-4001
11 Maple Ave, Catskill, NY for Sale
$2,199,000 USD
Freestanding - FOR SALE
1/4
null | 7.35% Cap Rate

11 Maple Ave
Catskill, NY 12414


HIGHLIGHTS

  • Attractive Rent Increases
  • Dynamic Tenant
  • Minimal Landlord Responsibilities
  • Strategic Retail Location
  • Recession & E-Commerce Resistant Tenant
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the stand-alone WellNow Urgent Care investment property located at 11 Maple Avenue in Catskill, New York (the “Property”). WellNow has 7+ years remaining on their 10-year lease with two (2), 5-year renewal options. The lease includes attractive 10% rental increases every five years throughout the initial term and renewal option periods. WellNow is strategically located adjacent to the signalized intersection of W Bridge Street (NY Route 385) and US Route 9W, the area’s primary retail and commuter corridor. The site offers access from the traffic light, excellent visibility and frontage and is situated in the commercial center of the city, surrounded by the area’s national retailers and is just minutes from the Catskill Schools (Elementary, Middle and High Schools). The Property is 1.2-miles from NY Route 23 and 3-miles from Interstate 87. Catskill is located in eastern New York State, approximately halfway between Albany (33-miles to the north) and Poughkeepsie (42-miles to the south) along the banks of the Hudson River.

FOR SALE DETAILS

PRICE

$2,199,000 USD

PRICE/SF

$626 USD /SF

CAP RATE

7.35%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WellNow Urgent Care

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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Todd TremblayHorvath & TremblayMore Info
781-776-4001

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