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40-42 First Street
Ilion, NY 13357
Kinney Pharmacy & Dunkin' · Retail Property For Sale
Investment Highlights
- 7.50% cap rate on a two-tenant NN property leased to Kinney Drugs and Dunkin'
- Contractual rent increase to $233,201 in November 2026 via Dunkin' scheduled bump
- 50,000+ residents within 10 miles; avg HHI exceeding $81,000
- ±6.4 years WALT with recent lease renewals from both tenants
- NN structure — tenants responsible for taxes, insurance, and CAM
- Dunkin' operated by Cafua Management, largest private Dunkin' franchisee in the U.S.
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
Storefront
Building Size
13,350 SF
Building Class
C
Year Built
2006
Price
$3,109,333
Price Per SF
$232.91
Cap Rate
7.50%
NOI
$233,201
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.30 AC
Frontage
375’ on First Street
Property Taxes
| Parcel Number | 212801-119-044-0004-020-200-0000 | Improvements Assessment | $642,000 |
| Land Assessment | $275,000 | Total Assessment | $917,000 |
Property Taxes
Parcel Number
212801-119-044-0004-020-200-0000
Land Assessment
$275,000
Improvements Assessment
$642,000
Total Assessment
$917,000
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