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29234113
29234114

40 Oriskany Blvd, Whitesboro, NY 13492 For Sale

RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Elevate Net Lease, Bang Realty
$2,690,642
183 days on market
Updated 52 days ago

Kinney Drugs

Details
Property Type Retail
Sub Type Convenience Store, Grocery Store (+1)
Square Footage 12,075
Net Rentable (SqFt) 12,075
Pumps 6
Cap Rate 7%
NOI $188,345
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy (+1)
Lease Type NN+
Lease Term 25
Lease Expiration 04/30/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options (3) 5-Year
Price per SqFt $223
Broker Co-Op Yes
Year Built 2006
Buildings 1
Stories 1
Acreage 1.370
Investment Type Stabilized
Tenant Credit Corporate Guarantee
Lease Commencement 05/01/2006
Occupancy Date 05/01/2006
Ownership Fee Simple
Sale Condition 1031 exchange

Retail | 7.00% CAP | 12,075 SqFt

Investment highlights

  • Corporate Kinney Drugs Lease — Long-Established Regional Pharmacy Chain With Strong Brand Presence Across Upstate New York & Vermont

  • Essential, Needs-Based Tenant — Pharmacy, Healthcare, and Convenience Retail Drive Consistent Year-Round Traffic And Recession-Resistant Performance

  • Rare Kinney Drugs with Fuel, Attracting Additional Consumer Visits

  • Limited Direct Competition In Immediate Trade Area — Nearby Pharmacy Competitors Have Recently Closed, Driving Additional Consumer Base

  • Recent Lease Extension, Showing Strong Tenant Commitment to this Site

  • Strategic Location Along Oriskany Blvd (Ny-5A) — High-Visibility Corridor Connecting Whitesboro, Yorkville, And Utica Commercial Districts

  • Proximity To Major Population & Employment Base — Minutes From Downtown Utica, Hospitals, Retail Centers, And Residential Neighborhoods

  • Established Operating History At This Location — Strong Customer Base And Repeat Patronage Within The Surrounding Trade Area

  • Signalized Hard-Corner / Excellent Access & Exposure — Multiple Ingress/Egress Points And Strong Daily Traffic Counts Along The Corridor

  • Low Management / Hands-Off Investment — Ideal For Passive Investors Seeking Durable Income From A Service-Based Tenant

Listing Contacts

RM
MI MI 6505433330
Elevate Net Lease
JD
MI MI 6505433330
Elevate Net Lease
JS
MI 6505433330
Elevate Net Lease
BB
OH BRK.200900214, WV B200300608 (+21)
Bang Realty
Listed by Elevate Net Lease, Bang Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$188,345.00
$15,695.42/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Property History

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