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1849 South Rd
Wappingers Falls, NY 12590
NNN Retail Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2 Fully Leased NNN Tenants
- Exposure on both major commercial thoroughfare (rt 9) & a regional access road (rt 9D)
- 100% Occupied
- Turnkey Property with no Landlord responsibility
EXECUTIVE SUMMARY
Houlihan Lawrence Commercial is pleased to present this exceptional opportunity for retail and freestanding building investors to acquire a fully leased, income-producing
asset in one of Dutchess County’s most active commercial corridors. The property is positioned at the highly visible and strategic junction of Route 9 and Route 9D, offering 291 feet of frontage along Route 9 and 321 feet along Route 9D. The property is 100% occupied by two strong national tenants. Sherwin-Williams has been at this location since 2004. Staples has occupied its space since 1993. Recent capital improvements and zero deferred maintenance make this a fully stabilized, low-risk asset with consistent
cash flow.
Just minutes from Poughkeepsie and surrounded by dense residential communities and national retailers, this location benefits from high daily traffic and long-term market demand. Its dual-road frontage and proximity to key destinations ensure high visibility and sustained tenant success.
Please contact Steve Salomone for offering memorandum with full lease details and Actual P&L.
asset in one of Dutchess County’s most active commercial corridors. The property is positioned at the highly visible and strategic junction of Route 9 and Route 9D, offering 291 feet of frontage along Route 9 and 321 feet along Route 9D. The property is 100% occupied by two strong national tenants. Sherwin-Williams has been at this location since 2004. Staples has occupied its space since 1993. Recent capital improvements and zero deferred maintenance make this a fully stabilized, low-risk asset with consistent
cash flow.
Just minutes from Poughkeepsie and surrounded by dense residential communities and national retailers, this location benefits from high daily traffic and long-term market demand. Its dual-road frontage and proximity to key destinations ensure high visibility and sustained tenant success.
Please contact Steve Salomone for offering memorandum with full lease details and Actual P&L.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
24,365 SF
Building Class
C
Year Built
1985
Price
$7,715,680 CAD
Price Per SF
$316.67 CAD
Cap Rate
7.96%
NOI
$614,168 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
2.41 AC
Zoning
BH - Commercial
PROPERTY TAXES
| Parcel Number | 134689-6158-01-403863-0000 | Improvements Assessment | $2,972,517 CAD |
| Land Assessment | $994,127 CAD | Total Assessment | $3,966,645 CAD |
PROPERTY TAXES
Parcel Number
134689-6158-01-403863-0000
Land Assessment
$994,127 CAD
Improvements Assessment
$2,972,517 CAD
Total Assessment
$3,966,645 CAD
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