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151 Greenwich Ave 9,300 SF 100% Leased Retail Building Goshen, NY 10924 $3,767,040 CAD ($405.06 CAD/SF) 4.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Two tenant NNN Investment
- Longterm NNN leases with 3% yearly increases
- High visibility location in Village of Goshen
- Minimal landlord responsibilities providing passive income
EXECUTIVE SUMMARY
Seize a prime triple-net (NNN) investment in a high-visibility, two-building retail complex situated at the main entrance of the historic Village of Goshen. This property combines stable, in-place cash flow with significant value-add potential. Strategically positioned on the main thoroughfare into the historic Village of Goshen, ensuring high visibility and consistent traffic. Building #1 (Beverage Plus): Approx. 7,300 sq ft established retail beverage center. Secure 10-year NNN lease, currently in its second year, with 3% annual increases until May 31, 2034. Current annual rent is $7210/month, providing reliable income. Building #2 (Former Orange County Bagel): Approx. 1,836 sq ft, previously a successful retail food location. Currently vacant, but subject to a 5-year NNN lease extension, with 3% annual increases until January 4, 2030. Offers a strong value-add component for a new tenant or a turnkey space for a buyer-user. Current annual rent is $2831/month. Tenants are responsible for all operational expenses (Beer World 75%, OC Bagel 25%), with the landlord only responsible for the structure and roofs. Features a paved parking lot, municipal water and sewer, and natural gas service. This is an ideal opportunity for both passive investors seeking consistent, low-management income and active investors looking to enhance value by placing a new tenant in the vacant space. It also represents a compelling proposition for an owner-user who can occupy the front building while benefiting from the income generated by the rear tenant. Lease details are available upon request for qualified buyers.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$168,112
|
$23.76
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $168,112 |
| Annual Per SF | $23.76 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Building Size
9,300 SF
Building Class
C
Year Built/Renovated
1978/2015
Price
$3,767,040 CAD
Price Per SF
$405.06 CAD
Cap Rate
4.46%
NOI
$168,112 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
0.81 AC
Zoning
CS - Located in the Central Shopping (CS) Zone in the Village of Goshen, NY.
Parking
15 Spaces (1.61 Spaces per 1,000 SF Leased)
Frontage
177’ on Greenwich Ave
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Fiber Optic Internet
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Beer World Inc
- Professional, Scientific, and Technical Services
- 7,300 SF
- $16.53 CAD
- Triple Net
- May 2034
-
- Retailer
- 2,000 SF
- $23.70 CAD
- Triple Net
- Jan 2030
With three locations in Orange County, New York, Orange County Bagel Bakery is a perfect spot for breakfast, lunch, or just a quick coffee stop. Our bagels are baked fresh daily and our soups are homemade. We use top quality ingredients in our sandwiches and sides. Our “Build Your Own” salad bar features over 40 toppings so you can have it the way YOU like it. We also offer catering for office meetings, receptions, birthdays, celebrations, holiday parties and more. Be sure to also take advantage of our FREE DELIVERY. No need to go hungry when you can’t leave work, you can rely on us to bring your meal right to your door.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Beer World Inc | Professional, Scientific, and Technical Services | 7,300 SF | $16.53 CAD | Triple Net | May 2034 | |
|
|
Retailer | 2,000 SF | $23.70 CAD | Triple Net | Jan 2030 |
Walk Score®
Very Walkable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 333001-112-000-0012-006.000-0000 | Improvements Assessment | $688,120 CAD (2024) |
| Land Assessment | $97,303 CAD (2024) | Total Assessment | $785,422 CAD (2024) |
PROPERTY TAXES
Parcel Number
333001-112-000-0012-006.000-0000
Land Assessment
$97,303 CAD (2024)
Improvements Assessment
$688,120 CAD (2024)
Total Assessment
$785,422 CAD (2024)
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151 Greenwich Ave
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