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33166932
33170131

9543 Brewerton Rd, Brewerton, NY 13029 For Sale

JC
CA 02005095
Malchus Real Estate
Listed by Malchus Real Estate
$2,632,250
53 days on market
Updated 2 days ago

Kinney Drugs - Brewerton, NY

Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 13,200
Cap Rate 8%
NOI $210,580
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy (+1)
Lease Type NNN
Lease Expiration 12/31/2030
Remaining Term 4.6
Rent Bumps Yes
Lease Options 1, 5-Year Option Remaining
Year Built 1998
Acreage 1.970
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple

8.00% Cap - Near new $100B Micron Semiconductor MegaFab

Marketing description

  • 28+ Years of continuous operation at this site
  • Strategic Location Near Micron Megafactory – Located less than five miles from Micron’s planned $100 billion semiconductor manufacturing campus in Clay, NY, positioning the property to benefit from significant long-term economic growth, job creation, and increased consumer demand.
  • Corporate Guarantee – Lease is backed by a corporate guarantee, providing enhanced credit strength and additional security for investors.
  • NNN Lease Structure – Triple-net lease with minimal landlord responsibilities. Tenant is responsible for taxes, insurance, and maintenance, while ownership is responsible only for roof and structure.
  • Prime Retail Corridor Location – Prominently situated along Brewerton Road, a major commercial thoroughfare offering strong visibility, convenient access, and consistent consumer traffic.
  • High-Growth Syracuse Market – Located within one of Upstate New York’s fastest-growing economic corridors, supported by substantial public and private investment associated with Micron’s transformational regional expansion.
  • Stable Income Stream – Provides predictable cash flow from an established tenant operating within a well-positioned and growing trade area.
  • Excellent Regional Connectivity – Conveniently located near Interstate 81 and other major transportation routes, providing strong accessibility for customers, employees, and area residents.
  • Strong Demographic and Economic Fundamentals – Positioned within a market benefiting from population stability, expanding employment opportunities, and long-term economic development initiatives.
  • Long-Term Real Estate Upside – The property's proximity to one of the largest private investments in New York State history provides potential for continued growth in surrounding commercial activity and underlying real estate value.

This offering presents an opportunity to acquire a net-leased retail asset strategically positioned in one of the most dynamic growth corridors in Upstate New York. Located less than five miles from Micron’s planned $100 billion semiconductor manufacturing campus in Clay, NY, the property is well-positioned to benefit from substantial long-term economic expansion, job creation, population growth, and increased consumer demand generated by one of the largest private investment projects in New York State history.

The property is secured by a corporate-guaranteed lease, providing investors with enhanced credit support and reliable income. Structured as a triple-net (NNN) lease, the tenant is responsible for taxes, insurance, and day-to-day maintenance, while ownership's responsibilities are limited to roof and structure, creating a passive and efficient investment opportunity.

Strategically situated along Brewerton Road, a major commercial corridor serving both local residents and commuter traffic, the property benefits from strong visibility, convenient access, and established consumer demand. The location is further supported by excellent connectivity to Interstate 81 and surrounding regional transportation routes, providing easy accessibility throughout the greater Syracuse market.

The Syracuse region is undergoing a transformative period of economic growth driven by significant public and private investment, with Micron’s multi-phase development expected to attract thousands of jobs and billions of dollars in related economic activity. As a result, the property offers investors the opportunity to secure stable cash flow today while benefiting from the long-term growth potential of a rapidly expanding market.

With a corporate-backed tenancy, predictable income stream, prime retail positioning, and direct exposure to one of the nation's most significant economic development projects, this offering represents a compelling opportunity to acquire a strategically located commercial asset with both current income and long-term upside.

Listing Contacts

JC
CA 02005095
Malchus Real Estate
Listed by Malchus Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$210,580.00
$17,548.33/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Sholom Chein
License
NY 10311205383
Brokerage
Brooklyn Vertical Inc
Title
Broker of Record
Brokerage Address
647 Maple Street #1 Brooklyn NY 11203
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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