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Miscellaneous

10-YR NNN Hotel in Orangeburg, NY

329 NY-303, Orangeburg, NY 10962

Listing Price: $14,000,000

Cap Rate
6.00%
Tenant Name
Armoni Inn & Suites
Years Remaining On Lease
9.6
Guarantor
Limited Corporate Guarantee
Rentable SF
102,000
Lease Type
Absolute Net
Rent Per Square Feet
$8.24

Investment Overview

Marcus & Millichap is pleased to present a 10-year absolute triple-net hotel asset just 20 miles north of Manhattan making it a very convenient option when visiting the city. Orangeburg, New York is located just east of the Pearl River, and is home to Long Island University, Dominican college, and St. Thomas Aquinas College, are all located in Orangeburg. There are two major school districts located in Orangeburg and two located outside of the town's area. Orangeburg has a large community focus on sustainability, arts, music, and farmers markets. There are many places to visit in Orangeburg including the historical museum, riding bikes at Piermont marsh trails, and enjoying a beer at Rockland Cider Works.

Investment Highlights

  • Absolute Triple-Net 10-Year Hotel Within 20 Miles of Manhattan, New York
  • Immediate Vicinity - Long Island University, St. Thomas Aquinas College, Dominican College
  • Retailers - Lowe's, CVS, KeyBank, Dunkin', Shell, Multiple Golf & Tennis Clubs

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s) NY: 10311204479

    New York

Financing By

Miscellaneous

10-YR NNN Hotel in Orangeburg, NY

Listing Price: $14,000,000

Cap Rate
6.00%
Tenant Name
Armoni Inn & Suites
Years Remaining On Lease
9.6
Guarantor
Limited Corporate Guarantee
Rentable SF
102,000
Lease Type
Absolute Net
Rent Per Square Feet
$8.24

Investment Highlights

  • Absolute Triple-Net 10-Year Hotel Within 20 Miles of Manhattan, New York
  • Immediate Vicinity - Long Island University, St. Thomas Aquinas College, Dominican College
  • Retailers - Lowe's, CVS, KeyBank, Dunkin', Shell, Multiple Golf & Tennis Clubs

Investment Overview

Marcus & Millichap is pleased to present a 10-year absolute triple-net hotel asset just 20 miles north of Manhattan making it a very convenient option when visiting the city. Orangeburg, New York is located just east of the Pearl River, and is home to Long Island University, Dominican college, and St. Thomas Aquinas College, are all located in Orangeburg. There are two major school districts located in Orangeburg and two located outside of the town's area. Orangeburg has a large community focus on sustainability, arts, music, and farmers markets. There are many places to visit in Orangeburg including the historical museum, riding bikes at Piermont marsh trails, and enjoying a beer at Rockland Cider Works.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Broker of Record

    (718) 475-4300

    License(s): NY: 10311204479

    New York

Financing By

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