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12 Franklin Ave
Clinton, NY 13323 Greater Utica

$2,266,667 USD

Freestanding For Sale  •  11,459 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 14,070 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 1970
  • Cap Rate 7.50 %
  • Tenancy Single
  • Zoning 5
30 Transit Score
40 Walk Score

Highlights

Century-long, 100% employee-owned tenant operating nearly 100 stores across NY and VT
Lyons location ranks in the top 6% of all Kinney Drug stores for foot traffic
Overage rent as high as $96,000 annually; underwritten at $73,000 for conservative upside
Clinton property located minutes from Hamilton College, a top-ranked liberal arts institution
Clinton property offered at ~$161.58 PSF, well below replacement cost for single-tenant retail
Both locations with 20+ year operating history; tenants exercised renewal options at each site
Cap Rate: 7.50 %

Major Tenants

Tenant SF Occupied Lease End Date
Kinney Drugs

Public Transportation

Commuter RailDriveWalkDistance
17 min - 9.6 mi
Conrad Sarreal 214-692-2847 Matthews Real Estate Investment Services
Conrad Sarreal 214-692-2847 Matthews Real Estate Investment Services