103 Utica St - Drug Store FOR SALE


Hamilton, NY 13346
$3,244,000 USD
480-339-4331
103 Utica St, Hamilton, NY for Sale
$3,244,000 USD
Drug Store - FOR SALE
1/2
null | 7.75% Cap Rate

103 Utica St
Hamilton, NY 13346


HIGHLIGHTS

  • Proximity to Colgate University
  • Excellent Positioning on Utica Street
  • Very Strong Store Sales and Percentage Rent

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,244,000 USD

PRICE/SF

$281 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kinney Drugs

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

253203-153-019-0001-036-000-0000

ASK ABOUT THIS PROPERTY

Cassandra MosserNNN Pro GroupMore Info
480-339-4331

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Cassandra MosserNNN Pro GroupMore Info
480-339-4331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.