Kinney Drugs
Brewerton, NY
Key Details
| Price: | $2,648,800 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $198,660 |
| Address: | 9543 Brewerton Road, Brewerton, New York 13029 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 31 Years |
|---|---|
| Lease Commencement: | 1/26/1999 |
| Lease Expiration: | 12/31/2030 |
| Lease Term Remaining: | 6 Years |
| Rental Increases: | Variable |
| Lot Size: | 1.97 Acres |
| Building Size: | 13,200 SF |
| Year Built: | 1998 |
NNN Pro is pleased to present the exclusive listing for a Kinney Drugs located at 9543 Brewerton Road, Brewerton, New York 13029. The site consists of roughly 13200 rentable square feet of building space on an estimated 1.97-acre parcel of land. This Kinney Drugs is subject to a 31-year Double Net (NN) lease, which commenced 1/26/1999. The current annual rent is $198,660 and has scheduled increases of Variable.
About the Investment
- 6.8 Year Corporate Lease - Kinney Drugs has over 100 locations in New York and Vermont
- Ideal Market - Positioning Little to no competition and across the street from Brewerton Elementary
- Signalized Intersection - Property is at a signalized intersection visible to over 12,800 vehicles per day
Key Details
| Price: | $2,648,800 |
|---|---|
| Cap Rate: | 7.50% |
| Annual Rent: | $198,660 |
| Address: | 9543 Brewerton Road, Brewerton, New York 13029 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 31 Years |
|---|---|
| Lease Commencement: | 1/26/1999 |
| Lease Expiration: | 12/31/2030 |
| Lease Term Remaining: | 6 Years |
| Rental Increases: | Variable |
| Lot Size: | 1.97 Acres |
| Building Size: | 13,200 SF |
| Year Built: | 1998 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Cassandra Mosser
cmosser@nnnpro.com
License: AZ: SA677563000
Broker of Record
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.