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Kinney Pharmacy Retail Portfolio 2 Retail Properties Offered at $5,495,398 in Multiple Locations
Investment Highlights
- Century-long tenant: 100% employee-owned Kinney Drugs operating since 1903 across ~100 NY & VT stores
- Overage rent as high as $96,000/yr; underwritten at $73,000 for conservative upside
- 20+ year operating history at both locations with renewal options exercised
- Lyons location ranks in top 6% of all Kinney Drug stores for foot traffic
- Clinton property offered at ~$161.58 PSF, well below replacement cost
- Available individually or together; NN leases with corporate lessee signatory
Executive Summary
Cory Rosenthal
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
License # 10311210106, 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
575 5th Ave., Ste 2810 New York, NY 10017
(866) 889-0550
Property Facts
| Price | $5,495,398 | Number of Properties | 2 |
| Price / SF | $238.84 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 23,009 SF |
| Status | Active | Total Land Area | 2.50 AC |
| Price | $5,495,398 |
| Price / SF | $238.84 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 23,009 SF |
| Total Land Area | 2.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 12 Franklin Ave, Clinton, NY 13323 | Retail | 11,459 SF | 1970 | - |
|
Kinney Pharmacy
20 Forgham St, Lyons, NY 14489 |
Retail | 11,550 SF | 2004 | - |
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Kinney Pharmacy Retail Portfolio