Poughkeepsie, NY
Price: $2,764,000
Cap Rate: 5.26%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale a single tenant net leased USPS located in Poughkeepsie, NY. The property features a long-term lease with approximately 7 years remaining and USPS is committed to this location evidenced by a recent 10-year lease extension. USPS is an investment grade rated tenant (S&P: AA+) and they have operated at this location for over 40 years (since 1980).

The 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.

  • Located in Poughkeepsie, the county seat of Dutchess County 
  • Investment grade rated tenant (S&P: AA+) 
  • Long-term lease with approximately 7 years remaining 
  • 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) 
  • Rare USPS lease where they do not have an early termination right 
  • U.S Postal Service will receive $3 billion to purchase zero-emission vehicles as apart of the recently signed Inflation Reduction Act 
  • Property is located directly across the street from Vassar College (2,500 students) 
  • 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 
  • 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

OFFERING SUMMARY

Price: $2,764,000
Cap Rate: 5.26%

Building SF: 7,088 SF
Land Size:
17,599 SF

INVESTMENT CONTACT

BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

ZACH WRIGHT
Director & Partner
Investment Sales
720.966.1628
Zach@BlueWestCapital.com

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2022-09-16T09:28:00-07:00
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