USPS
Special Purpose | 6.30% CAP | 3,540 SqFt
Marketing description
Touchstone Commercial Partners presents 1809 NY-22, Wingdale, NY 12594 for your acquisition. This property features a United States Postal Service location on a 40,000 square foot parcel with a 3,540 square foot building built in 1999.
The property is located in Wingdale, a small hamlet in the town of Dover, located in the scenic Hudson Valley region of New York. It's known for its quiet, rural atmosphere and close-knit community, set amid rolling hills, farmland, and forested areas. Wingdale has a mix of residential areas, local businesses, and community services, and it's nearby several outdoor attractions, including hiking trails and reservoirs.
The property offers a 6.0% Cap Rate with USPS Maintenance Rider and USPS Tax Reimbursement Rider. The current lease term runs from April 1, 2025 to March 31, 2030, with two 5-year renewal options available.
Investment highlights
- Sale Price: $1,492,000
- Cap Rate: 6.0%
- Building Size: 3,540 Sq Ft
- Land Size: 40,000 Sq Ft
- Year Built: 1999
- Tenant: United States Postal Service (USPS)
- Annual Rent: $93,552 / Year
- Rent/Square Foot: $26.43
- Lease Type: USPS Maintenance Rider, USPS Tax Reimbursement Rider
- Lease Term: April 1, 2025 - March 31, 2030
- Options: Two (2) - 5 Year Options
- Purchase Options: 2025: $1,141,000, 2030: $1,312,150, 2035: $1,508,970
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