Available

United States Postal Service

41 Raymond Ave | Poughkeepsie, NY 12603

Price

$2,764,000

Cap Rate: 5.26%

Lead Broker

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USPS has operated at this location for over 40 years.

Blue West Capital is pleased to exclusively offer for sale a single-tenant United States Postal Service located in Poughkeepsie, NY, the county seat of Dutchess County. USPS is an investment grade rated tenant (S&P: AA+) and has operated at this location for over 40 years (since 1980). There is 6.5 years remaining on the lease with no early termination rights.

The property is located directly across the street from Vassar College (2,500 students) and retailers in the immediate area include McDonald’s, Bank of America, Caliber Collison, AutoZone, Rite Aid, Subway, Wendy’s, Taco Bell, Dunkin Donuts, and many others.

Investment Highlights

  • Investment grade rated tenant (S&P: AA+)
  • 6.5 years remaining on the lease with no early termination rights
  • USPS is committed to this location evidenced by a recent 10-year lease extension
  • USPS has operated at this location for over 40 years (since 1980)
  • U.S Postal Service will receive $3 billion to purchase zero-emission vehicles as a part of the recently signed Inflation Reduction Act
  • High barriers to entry
  • Tenant is an independent agency of the executive branch of the United States
  • USPS is investing $40 billion over the next 10 years in infrastructure and people
  • USPS provides an essential function to the US economy

Location Highlights

  • Located in Poughkeepsie, the county seat of Dutchess County
  • Property is located directly across the street from Vassar College (2,500 students)
  • Retailers in the immediate area include McDonald’s, Bank of America, Caliber Collison, AutoZone, Rite Aid, Subway, Wendy’s, Taco Bell, Dunkin Donuts, and many others
  • Immediate proximity to Poughkeepsie High School

We are ready to assist you.

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Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031