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41 Fullerton Ave
Newburgh, NY 12550
West End Veterinary Office | NNN | 3 Years · Retail Property For Sale
Investment Highlights
- MORE THAN 3 YEARS REMAINING | ANNUAL RENTAL INCREASES | REPUTABLE OPERATOR
- STRONG DEMOGRAPHICS IN 5-MILE TRADE AREA | HIGH BARRIERS TO ENTRY SUBMARKET
- EXCELLENT VISIBILITY | LOCATED OFF FULLERTON AVE | LOCATED ALONG MAJOR THOROUGHFARE
- LIMITED LANDLORD RESPONSIBILITIES | LOW-MANAGEMENT
Executive Summary
TWG is pleased to offer the opportunity to acquire the fee simple interest (land and building ownership) in a NNN leased, freestanding, West End Veterinary Office investment property located in Newburgh, New York. The Tenant, Community Veterinary Partners, has over 3 years remaining in their initial term with 3 (three) 5-year options to extend. The lease features annual increases of 2%. The lease is a triple net with limited landlord responsibilities, making it an ideal, low-management investment opportunity for a passive investor. Community Veterinary Partners has a collective of over 3,000 unique veterinary care providers dedicated to bringing joy to families through their unwavering care for beloved pets.
West End Veterinary Office is strategically located on Fullerton Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Fullerton Avenue. It shares this busy Newburgh area with businesses like Mc Donalds, Subway, Shell, Gulf, AutoZone. The location benefits from the frequent street traffic of Fullerton Avenue, which sees 4,445 vehicles daily. The 5-mile trade area is supported by a population of 110,539 and 37,860 daytime employees with an average household income of $122,690.
West End Veterinary Office is strategically located on Fullerton Avenue. The site benefits from superior visibility via significant street frontage and a monument sign situated along Fullerton Avenue. It shares this busy Newburgh area with businesses like Mc Donalds, Subway, Shell, Gulf, AutoZone. The location benefits from the frequent street traffic of Fullerton Avenue, which sees 4,445 vehicles daily. The 5-mile trade area is supported by a population of 110,539 and 37,860 daytime employees with an average household income of $122,690.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,700 SF
Building Class
C
Year Built
1970
Price
$595,300
Price Per SF
$220.48
Cap Rate
8%
NOI
$47,624
Tenancy
Single
Building Height
2 Stories
Building FAR
0.30
Lot Size
0.21 AC
Opportunity Zone
Yes
Zoning
RL - Retail Trade
Parking
8 Spaces (2.96 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Property Taxes
| Parcel Number | 331100-027-000-0001-026.000-0000 | Improvements Assessment | $272,700 |
| Land Assessment | $127,300 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
331100-027-000-0001-026.000-0000
Land Assessment
$127,300
Improvements Assessment
$272,700
Total Assessment
$400,000
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