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Kinney Drugs

Carthage, New York

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NNN Pro is pleased to present the exclusive listing for a Kinney Drugs
located at 401 State Street, Carthage, NY 13619. The site consists of roughly
11,000 rentable square feet of building space on an estimated 1.15-acre
parcel of land. This Kinney Drugs is subject to a 15-year Double Net (NN)
lease, which commenced 3/1/2000. The current annual rent is $195,113 and
is scheduled to increase 6.0% in January 2026 and 7.5% in the First Option
Period.

About the Investment:

7 + Year Corporate Lease
Kinney Drugs has over 100 locations in New York and Vermont
Ideal Market Positioning
Only Kinney Drugs located within a fourteen-mile radius
Signalized Intersection
Site benefits from being at a signalized intersection visible to over 10,600
vehicles per day

Key Details

Price:
$2,550,497
Cap Rate:
7.65%
Annual Rent:
$195,113
Address:
401 State Street, Carthage, New York 13619
Property Type:
Drug Store

Original Lease Term:
15 Years
Lease Commencement:
3/1/2000
Lease Expiration:
3/31/2031
Lease Term Remaining:
7 Years
Lot Size:
1.15 Acres
Building Size:
11,000 SF
Year Built:
2000
Tenant:
Kinney Drugs

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Cassandra Mosser


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