12 Franklin Ave - Freestanding FOR SALE
Clinton, NY 13323 |
$2,266,667 USD
214-692-2847
12 Franklin Ave
Clinton, NY 13323
HIGHLIGHTS
- Century-long, 100% employee-owned tenant operating nearly 100 stores across NY and VT
- Lyons location ranks in the top 6% of all Kinney Drug stores for foot traffic
- Overage rent as high as $96,000 annually; underwritten at $73,000 for conservative upside
- Clinton property located minutes from Hamilton College, a top-ranked liberal arts institution
- Clinton property offered at ~$161.58 PSF, well below replacement cost for single-tenant retail
- Both locations with 20+ year operating history; tenants exercised renewal options at each site
FOR SALE DETAILS
PRICE
$2,266,667 USD
PRICE/SF
$198 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kinney Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
5
APN/PARCEL ID
337-018-0004-016-000-0000
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214-692-2847
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214-692-2847
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