684 Dutchess Tpke
Poughkeepsie, NY 12603
Retail Property For Sale

Sherwin Williams | New Const. 10 Yr w/ 10% Bumps SRS National Net Lease Group is pleased to present the rare opportunity to acquire the fee simple interest (land and building) in a brand-new construction Sherwin-Williams property, located in Poughkeepsie, New York. Sherwin-Williams recently signed a brand new 11-year lease, with 3 (5-year) option periods. The lease features 10% rental increases every 5 years in the initial term and at the beginning of each option period. The lease is corporately guaranteed and is NN with minimal landlord responsibilities that are restricted to roof (20 year warranty) & parking lot. The subject site is located along Dutchess Turnpike/U.S. Highway 44 (5,700 VPD) one of the primary thoroughfares for the town of Poughkeepsie. The asset has excellent visibility, access and significant street frontage. The subject site benefits from its location in a dense retail corridor that features national/credit tenants such as Super Stop & Shop, Kmart, Big Lots, Aaron' s, Dollar Tree, AT&T, Walgreens, CVS, AutoZone, Goodyear, Advance Auto Parts and more. The 5-mile trade area is supported by a dense population of approximately 101,000 with an average household income of $83,000.