20 Forgham St - Drug Store FOR SALE
Lyons, NY 14489 |
$3,228,726 USD
214-692-2847
20 Forgham St
Lyons, NY 14489
HIGHLIGHTS
- Century-long tenant — 100% employee-owned Kinney Drugs operating since 1903 across NY and VT
- Lyons location ranks in top 6% of all Kinney Drug stores for foot traffic
- Overage rent as high as $96,000 annually; underwritten at conservative $73,000 for 2025
- Located minutes from Hamilton College, a top-15 nationally ranked liberal arts institution
- Offered well below replacement cost at approximately $161.58 PSF
- 20+ year operating history at each location with renewal options exercised
FOR SALE DETAILS
PRICE
$3,228,726 USD
PRICE/SF
$280 USD /SF
CAP RATE
7.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kinney Pharmacy
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.55 AC
LAND SF
67,518 SF
ZONING
-
APN/PARCEL ID
542800-070-111-0012-992-551-0000
ASK ABOUT THIS PROPERTY
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214-692-2847
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214-692-2847
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