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29646080
29646081

78 N Rte 303, West Nyack, NY 10994

JC
NY 10371201993, NJ NJ 1329209 (+1)
Skyline Real Estate Partners
Listed by Skyline Real Estate Partners
$1,825,000
128 days on market
Updated 14 days ago

78 Route 303

Details
Property Type Industrial, Retail
Sub Type Flex
Square Footage 5,765
Units 1
Cap Rate 5.18%
NOI $94,500
Tenancy Single
Brand/Tenant Herc Rentals
Lease Type NN+
Lease Term 10
Lease Expiration 06/27/2029
Remaining Term 3
Rent Bumps No
Lease Options N/A
Pro-Forma Cap Rate 7.4%
Pro-Forma NOI $135,000
Price per SqFt $317
Broker Co-Op Yes
Zoning RS
Investment Type Value Add
Lease Commencement 06/28/2019
Ownership Private

1+/- Acre on Route 303 in West Nyack, NY

Marketing description

78 North Route 303 offers a textbook value-add opportunity along one of Rockland County’s most heavily trafficked commercial corridors. The property sits on ±0.919 acres and is improved with an 5,765 SF freestanding building featuring exceptional frontage, visibility, and signage on Route 303.

The asset is fully leased to Herc Rentals through June 27, 2029, providing durable in-place income while investors underwrite a clear path to substantial rent growth at lease expiration. Current rents are below market, creating an opportunity to re-lease at materially higher rates, reposition the asset, or attract a higher-credit tenant.

Beyond re-leasing upside, the site functions as a covered land investment with nearly one acre in a prime West Nyack location. Zoned RS, the property presents long-term redevelopment potential for buyers seeking optionality in a supply-constrained market. The parcel benefits from direct access to NYC and major regional arteries, including the Palisades Interstate Parkway, I-287, and the New York State Thruway.

With multiple value-creation strategies, a nationally recognized tenant in place, and irreplaceable corridor exposure, 78 North Route 303 is a rare chance to acquire income today with the ability to unlock meaningful upside in a top Rockland County submarket.

Investment highlights

  1. Value-Add Asset with Defined Upside
    In-place cash flow from Herc Rentals through June 27, 2029 with a clear mark-to-market re-leasing opportunity.

  2. Prime Route 303 Corridor Location
    Outstanding visibility, frontage, and signage along one of Rockland County’s most heavily trafficked roadways.

  3. Nearly One Acre of Land
    ±0.919 acres in a supply-constrained West Nyack submarket with long-term value protection.

  4. Strong Re-Leasing & NOI Growth Potential
    Current rents positioned below market, supporting meaningful income growth at rollover.

  5. Redevelopment Optionality
    RS zoning provides future redevelopment potential, subject to approvals.

  6. Exceptional Regional Access
    Immediate access to NYC, I-287, Palisades Parkway, and NYS Thruway.

Listing Contacts

JC
NY 10371201993, NJ NJ 1329209 (+1)
Skyline Real Estate Partners
Listed by Skyline Real Estate Partners

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$94,500.00
$7,875.00/mo

Valuation Metrics

0
DSCR
5.18%
Cap Rate
5.18%
ROI

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Additional Information

Name
Jon Cohen
License
10371201993
Brokerage
Skyline Real Estate Partners
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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