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40 State Highway 310
Canton, NY 13617
Retail Property For Sale
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity at 40 State Highway 310, Canton, NY 13617! This property features a corporate Kinney Drugs lease, offering a stable income stream from a well-established regional pharmacy chain known for its strong brand presence. Situated near major educational institutions like St. Lawrence University and SUNY Canton, as well as popular retail centers and residential neighborhoods, this location enjoys a robust customer base since 1993. Boasting excellent access, exposure, and high daily traffic counts, this property guarantees visibility and accessibility for any business. With 5 years remaining on the current lease and 4-5 year renewal options, this investment is primed for long-term success. The surrounding demographics showcase a growing population, high median household incomes, and a significant employee base, ensuring a thriving market for potential businesses. Don't miss out on this prime investment opportunity! Contact Sutton Real Estate Company today for more details and secure your future at 40 State Highway 310, Canton, NY 13617!
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,142 SF
Building Class
C
Year Built
1993
Price
$3,000,000
Price Per SF
$247.08
Cap Rate
7%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.10 AC
Zoning
01
Parking
100 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
250’ on Highway 310
PROPERTY TAXES
| Parcel Number | 402201-088-036-0004-004-000-0000 | Improvements Assessment | $635,000 |
| Land Assessment | $40,000 | Total Assessment | $675,000 |
PROPERTY TAXES
Parcel Number
402201-088-036-0004-004-000-0000
Land Assessment
$40,000
Improvements Assessment
$635,000
Total Assessment
$675,000
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