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Miscellaneous

10-YR NNN Hotel in Newburgh, NY

5 Lakeside Rd, Newburgh, NY 12550

Listing Price: $12,050,000

Cap Rate
6.00%
Tenant Name
Crossroads Hotel (Choice Hotels)
Years Remaining On Lease
9.5
Guarantor
Limited Corporate Guarantee
Rentable SF
54,972
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.10

Investment Overview

Marcus & Millichap is pleased to present this 10-year triple-net passive investment hotel in upstate New York in Newburgh directly off of I-84. Newburgh, New York is located in Orange County near the Hudson River. It is about 60 miles from New York City and is located near the Stewart International airport. Newburgh is home to many industries including retail, healthcare, food services, and more. Both Mount Saint Mary College and SUNY Orange are located in Newburgh, along with Newburgh Enlarged City School District. There are many attractions in Newburgh including Pride of The Hudson, Motorcyclepedia Museum, Washington's Headquarters State Historic Site, Ann Street Gallery and more.

Investment Highlights

  • 10-Year Triple-Net Passive Hotel Investment With Strong 40+ Year Operator With Rent Bumps
  • Waterfront Upstate New York City Home to Historical Landmarks - Washington's Headquarters, David Crawford House, New York State Armory, Dutch Reformed Church, and Newburgh Colored Burial Ground
  • Newburgh is Home to Mount Saint Mary College (Approximately 2,000 Students), within One Hour of Manhattan with the Best Views of the Hudson River

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 Newburgh, NY

Listing Price: $12,050,000

Cap Rate
6.00%
Tenant Name
Crossroads Hotel (Choice Hotels)
Years Remaining On Lease
9.5
Guarantor
Limited Corporate Guarantee
Rentable SF
54,972
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.10

Investment Highlights

  • 10-Year Triple-Net Passive Hotel Investment With Strong 40+ Year Operator With Rent Bumps
  • Waterfront Upstate New York City Home to Historical Landmarks - Washington's Headquarters, David Crawford House, New York State Armory, Dutch Reformed Church, and Newburgh Colored Burial Ground
  • Newburgh is Home to Mount Saint Mary College (Approximately 2,000 Students), within One Hour of Manhattan with the Best Views of the Hudson River

Investment Overview

Marcus & Millichap is pleased to present this 10-year triple-net passive investment hotel in upstate New York in Newburgh directly off of I-84. Newburgh, New York is located in Orange County near the Hudson River. It is about 60 miles from New York City and is located near the Stewart International airport. Newburgh is home to many industries including retail, healthcare, food services, and more. Both Mount Saint Mary College and SUNY Orange are located in Newburgh, along with Newburgh Enlarged City School District. There are many attractions in Newburgh including Pride of The Hudson, Motorcyclepedia Museum, Washington's Headquarters State Historic Site, Ann Street Gallery and more.

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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