45-49 FOSTER RD Hopewell Junction NY 12533

Hopewell Junction Medical Park offer investors the opportunity to acquire a fully leased medical office park that is centrally located in Dutchess County and part of the larger Hudson Valley region.

The 13,517 square-foot buildings are anchored by Community Primary Care (CPC), which is a division of Premier Medical Group, a regionally dominant multi-specialty physician practice with over 30 locations and over 100 providers. The building was specifically outfitted to meet the tenant’s needs.

Premier Medical Group has seven (7) years remaining on a 10-year lease commitment with 3% annual rent escalations. As a result of CPC & PMG merging in 2023, PMG is the largest independent multi-specialty provider in the Hudson Valley region, offering a host of services that include urology, gynecology, gastroenterology, cardiology, neurology, internal medicine, and much more. As an established primary care practice within the Dutchess County area, CPC provides essential services to its surrounding community, while also serving as a crucial referral source for Premier Medical Group.

The property is located 14 miles from the Vassar Brothers Medical Center, a 349-bed acute care facility affiliated with Nuvance Health, and 15 miles from the Mid-Hudson Regional Hospital, which is part of the Westchester Medical Center Health Network. Hopewell Junction MOBs are just 6.3 miles from the Hudson Valley Regional Airport.

• Long Term Lease
  7.0 years remaining on the Modified Gross lease.
  

• Scheduled Rent Escalations
  The Lease offers 3.0% annual rental escalations providing strong NOI growth throughout the term.
  

• Strong Parent Affiliate Partner
  CPC is a division of Premier Medical Group, the largest independent multi-specialty practice in the region, with over 30 locations and over 100 providers.
  

• Build-To-Suit
  The building was specifically designed and built for Community Physician Care in 2006 to meet the demand for health services in the region.
  

• Redevelopment Opportunity
  Potential to demolish existing 1,340 SF residential home and develop ~4,000SF medical office building.
  

• Strategic Merger
  In 2024, CPC merged with Premier Medical Group, providing CPC’s patient base with access to Premier’s numerous specialties and research departments, and strengthening Premier’s primary care presence in Dutchess County.
  

• Purpose Driven Location
  The Property is strategically located along NY-82, a primary thoroughfare for the area, providing convenient access for a large patient base up and down the Hudson Valley.
  

• Strong Trade Area Demographics
  The property is in the Hudson Valley, a growing region which is home to over 2.3 million residents.