218 DuPont Ave - Retail FOR SALE
Newburgh, NY 12550 |
$1,850,000 USD
214-295-8749
218 DuPont Ave
Newburgh, NY 12550
HIGHLIGHTS
- Distribution Hub: This location serves dozens of traditional Napa locations throughout New York and Connecticut.
- Recently Acquired: Formally an independent aftermarket parts distributor, the business at this location was acquired by Napa (Genuine Parts Company)
- Napa is located ½ mile from Interstate 84, allowing seamless transportation routes to the retail locations the building serves.
- surrounded by several high-profile companies including a Brand-New Tesla Distribution Center, Pepsi-Cola, CubeSmart Self-Storage ETC.
- Below Market Rents: Current market rents for this product type are over $12/SF while Napa is currently paying $4.94/SF.
- With less than a year remaining on the lease and one, 1-year option afterwards, this provides an investor with significant upside potential.
FOR SALE DETAILS
PRICE
$1,850,000 USD
PRICE/SF
$66 USD /SF
CAP RATE
7.46%
% LEASED
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TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
NAPA AUTO PARTS
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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214-295-8749
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214-295-8749
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