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12 Franklin Ave
Clinton, NY 13323
Kinney Pharmacy · Retail Property For Sale
Investment Highlights
- Century-long, 100% employee-owned tenant operating nearly 100 stores across NY and VT
- Overage rent as high as $96,000 annually; underwritten at $73,000 for conservative upside
- Clinton property offered at ~$161.58 PSF, well below replacement cost for single-tenant retail
- Lyons location ranks in the top 6% of all Kinney Drug stores for foot traffic
- Clinton property located minutes from Hamilton College, a top-ranked liberal arts institution
- Both locations with 20+ year operating history; tenants exercised renewal options at each site
Executive Summary
Broker Of Record
Cory Rosenthal
Matthews Real Estate Investment Services, Inc
10311210106, 10991237833 (NY)
575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550
Cory Rosenthal
Matthews Real Estate Investment Services, Inc
10311210106, 10991237833 (NY)
575 5th Ave., Ste 2810 New York, NY 10017 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
14,070 SF
Building Class
C
Year Built
1970
Price
$2,266,667
Price Per SF
$161.10
Cap Rate
7.50%
NOI
$170,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.50 AC
Zoning
5 - Commercial
Property Taxes
| Parcel Number | 337-018-0004-016-000-0000 | Improvements Assessment | $535,000 |
| Land Assessment | $57,000 | Total Assessment | $592,000 |
Property Taxes
Parcel Number
337-018-0004-016-000-0000
Land Assessment
$57,000
Improvements Assessment
$535,000
Total Assessment
$592,000
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