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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29791615
29791614

40 State Highway 310, Canton, NY 13617 For Sale

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC
$3,000,000
154 days on market
Updated 21 days ago

Kinney Pharmacy

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 12,000
Net Rentable (SqFt) 12,000
Units 1
Cap Rate 7%
NOI $210,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 37.9
Lease Expiration 02/21/2031
Remaining Term 4.6
Rent Bumps Yes
Lease Options 2-5 year
Price per SqFt $250
Broker Co-Op Yes
Class A
Year Built 1993
Year Renovated 2021
Buildings 1
Stories 1
Acreage 1.000
Zoning Commercial
Parking Spaces 100 spaces
Parking per 1,000 SqFt 8.33
Investment Type Stabilized
Tenant Credit Credit Rated
Lease Commencement 04/15/1993
Occupancy Date 04/15/1993
Sale Condition 1031 exchange

Retail | 7.00% CAP | 12,000 SqFt

Marketing description

**Investment Opportunity!** Discover a prime investment opportunity at 40 State Highway 310, Canton, NY 13617. This property features a long-established lease with corporate Kinney Drugs, a reputable regional pharmacy chain. Situated minutes away from St. Lawrence University, SUNY Canton, Nobel Urgent Care, and bustling retail centers, this location benefits from a strong customer base and excellent exposure with high daily traffic. With a remaining 5-year lease term and 4-5 year renewal options, this property offers stability and growth potential. The surrounding demographics boast a growing population, solid median household incomes, and a substantial employment base, making it a lucrative investment opportunity. Don't miss out on this exceptional chance to add a reliable asset to your portfolio. Contact us at Sutton Real Estate Company to learn more about this enticing investment opportunity at 40 State Highway 310.

Listing Contacts

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$210,000.00
$17,500.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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