1575 Route 9
Wappingers Falls, NY 12590
Retail Property For Sale

This 1.23 acre property is very well located in its retail node, adjacent to a busy signalized intersection along U.S. 9, a prominent North-South highway that connects The George Washington Bridge and Upper Manhattan to the interchange with Interstate 87 just south of the Canada-United States border. Along the way the highway passes through urban neighborhoods in Upper Manhattan and the Bronx, suburban strips throughout Westchester, Putnam, and Dutchess Counties and the center of New York political power in downtown Albany. The subject property benefits from this high traffic level as well as its prominent location and accessibility. Neighboring synergistic national retailers include Home Depot, Big Lots, McDonald’s, Planet Fitness, M&T Bank, Advanced Auto Parts, Rite Aid, Dunkin’ Donuts and much more. The initial term of the lease is 25 years with five options of five years. The corporately guaranteed lease with 16.5 years of base term remaining also provides for 4-5% increases at the outset of each option period, making this an attractive investment combining stability and long-term growth. Wappingers Falls is just over an hour by car from the George Washington Bridge. In addition, commuting residents in the area can access Manhattan’s Grand Central Station via Metro North’s Hudson Line—Wappingers Falls is a 5-minute car ride from New Hamberg train station, a 90-minute ride into Manhattan. This offering represents a rare opportunity to acquire a trophy property in a premier market on a corporately backed lease structure with minimal landlord responsibility.