Kinney Drugs 103 Utica St 11,550 SF Retail Building Hamilton, NY 13346 $3,244,000 ($280.87/SF) 7.75% Cap Rate
INVESTMENT HIGHLIGHTS
- Proximity to Colgate University
- Very Strong Store Sales and Percentage Rent
- Excellent Positioning on Utica Street
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Kinney
Drugs located at 103 Utica St, Hamilton, NY 13346 . The site
consists of roughly 11,550 rentable square feet of building space
on an estimated 2.21-acre parcel of land. This Kinney Drugs is
subject to a 20-year Double Net (NN) lease, which commenced
10/1/2004. The current annual rent is $251,419 (including the 2023
percentage rent) and has scheduled increases of 5.00% of the
base rent in the last remaining 5 year option.
Drugs located at 103 Utica St, Hamilton, NY 13346 . The site
consists of roughly 11,550 rentable square feet of building space
on an estimated 2.21-acre parcel of land. This Kinney Drugs is
subject to a 20-year Double Net (NN) lease, which commenced
10/1/2004. The current annual rent is $251,419 (including the 2023
percentage rent) and has scheduled increases of 5.00% of the
base rent in the last remaining 5 year option.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,550 SF
Building Class
C
Year Built
2004
Price
$3,244,000
Price Per SF
$280.87
Cap Rate
7.75%
NOI
$251,419
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
1.21 AC
Parking
44 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
140’ on Utica Street
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 253203-153-019-0001-036-000-0000 | Improvements Assessment | $796,100 |
| Land Assessment | $163,900 | Total Assessment | $960,000 |
CONTACTS
-
Cassandra Mosser -
Glen Kunofsky -
NNN Pro Group
