40-42 First Street - Storefront FOR SALE
Ilion, NY 13357 |
$3,109,333 USD
214-692-2847
40-42 First Street
Ilion, NY 13357
HIGHLIGHTS
- 7.50% cap rate on a two-tenant NN property leased to Kinney Drugs and Dunkin'
- ±6.4 years WALT with recent lease renewals from both tenants
- Contractual rent increase to $233,201 in November 2026 via Dunkin' scheduled bump
- NN structure — tenants responsible for taxes, insurance, and CAM
- 50,000+ residents within 10 miles; avg HHI exceeding $81,000
- Dunkin' operated by Cafua Management, largest private Dunkin' franchisee in the U.S.
FOR SALE DETAILS
PRICE
$3,109,333 USD
PRICE/SF
$233 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Kinney Pharmacy & Dunkin'
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2006
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.3 AC
LAND SF
56,628 SF
ZONING
-
APN/PARCEL ID
212801-119-044-0004-020-200-0000
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214-692-2847
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214-692-2847
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