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Seize a prime triple-net (NNN) investment in a high-visibility, two-building retail complex situated at the main entrance of the historic Village of Goshen. This property combines stable, in-place cash flow with significant value-add potential. Strategically positioned on the main thoroughfare into the historic Village of Goshen, ensuring high visibility and consistent traffic. Building #1 (Beverage Plus): Approx. 7, 300 sq ft established retail beverage center. Secure 10-year NNN lease, currently in its second year, with 3% annual increases until May 31, 2034. Current annual rent is $7210/month, providing reliable income. Building #2 (Former Orange County Bagel): Approx. 1, 836 sq ft, previously a successful retail food location. Currently vacant, but subject to a 5-year NNN lease extension, with 3% annual increases until January 4, 2030. Offers a strong value-add component for a new tenant or a turnkey space for a buyer-user. Current annual rent is $2831/month. Tenants are responsible for all operational expenses (Beer World 75%, OC Bagel 25%), with the landlord only responsible for the structure and roofs. Features a paved parking lot, municipal water and sewer, and natural gas service. This is an ideal opportunity for both passive investors seeking consistent, low-management income and active investors looking to enhance value by placing a new tenant in the vacant space. It also represents a compelling proposition for an owner-user who can occupy the front building while benefiting from the income generated by the rear tenant. Lease details are available upon request for qualified buyers.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $2,160,000 | $2,160,000 | $2,160,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.973% | 5.858% | 5.681% |
| Monthly Tax Payment | $3,172 | $3,172 | $3,172 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $11,595 | $12,605 | $17,649 |
| Total Monthly Payment | $14,892 | $15,902 | $20,946 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.