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218 DuPont Ave
Newburgh, NY 12550 Newburgh

$1,725,000 USD

Auto Repair For Sale  •  27,920 SF

Property Details

  • Property Type Auto Repair
  • Total Building Size 27,920 SF
  • Lot Size 0.8 AC
  • Building Class B
  • Year Built 1950
  • Cap Rate 8.00 %
  • Tenancy Single
0 Transit Score
52 Walk Score

Highlights

Distribution Hub: This location serves dozens of traditional Napa locations throughout New York and Connecticut.
Recently Acquired: Formally an independent aftermarket parts distributor, the business at this location was acquired by Napa (Genuine Parts Company)
Napa is located ½ mile from Interstate 84, allowing seamless transportation routes to the retail locations the building serves.
surrounded by several high-profile companies including a Brand-New Tesla Distribution Center, Pepsi-Cola, CubeSmart Self-Storage ETC.
Below Market Rents: Current market rents for this product type are over $12/SF while Napa is currently paying $4.94/SF.
With less than a year remaining on the lease and one, 1-year option afterwards, this provides an investor with significant upside potential.
Cap Rate: 8.00 %

Public Transportation

Commuter RailDriveWalkDistance
Beacon Station (Hudson Line - Metro-North Commuter Railroad Company (Metro-North)) 10 min - 5.8 mi
AirportDriveWalkDistance
New York Stewart International 10 min - 5.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 14
Type: Surface
Included in Rent: Yes
Kevin McKenna 214-295-8749 Matthews Real Estate Investment Services
Kevin McKenna 214-295-8749 Matthews Real Estate Investment Services