Building Details

Units 3

Tenancy Single

Listing Agency: Matthews

Listed By: Conrad Sarreal · License #CA 01982875

Source: Crexi

Added: Jul 8 Changed: Oct 2 Last Checked: Oct 11 at 4:42AM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews

Investment Insights

Based on property information with market context.

This offering presents a two-property Kinney Pharmacy portfolio totaling 27,253 square feet, listed for sale and described as available now. The public remarks indicate the portfolio is leased to a tenant operating for a century, and the offering is underwritten at a 7.71% cap rate.

The properties are located at 12 Franklin Avenue in Clinton, New York (13323). Further details on unit layout, building characteristics, frontage, and improvements are not provided in the available information, so buyers should confirm specifics during due diligence.

For investors and brokers underwriting net cash flow, this portfolio’s provided cap rate and long-tenured occupancy are the primary decision points available from the current listing materials.

Key Highlights

• Two‑property Kinney Pharmacy portfolio for sale
• 7.71% cap rate
• Century‑old tenant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$313,906

Cap Rate

3.65%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,278,120 $6.3M

Cap Rate 7%

$4,484,371 $4.5M

Cap Rate 9%

$3,487,844 $3.5M

Market Conditions

NOI Build-Up for 27,253 SF

Gross rent

$441.5K $16.20/SF

− Vacancy

−$23.0K −$0.84/SF

EGI

$418.5K $15.36/SF

− OpEx

−$104.6K −$3.84/SF

NOI

$313.9K $11.52/SF

Area

Oneida County, NY

Vacancy

5.20%

Lease Rate

$16.20 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,278,120

Cap Rate 7%

$4,484,371

Cap Rate 9%

$3,487,844

Alternative Uses

Best Use

Specialty Retail

$4.48M

$3.92M – $5.23M (±1% cap)

NOI $313,906 @ 7.0% cap · market cap 3.65%

Second Best

Retail

$3.92M

$3.43M – $4.57M (±1% cap)

NOI $274,138 @ 7.0% cap · market cap 3.19%

Theoretical Best

Office A

$7.18M

$6.28M – $8.38M (±1% cap)

NOI $502,720 @ 7.0% cap · market cap 5.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Kinney Drugs Pharmacy Treen Suzanne Association Or Organization Peter Wilcox Pharmacy Kinney Drugs #84 Medical Laboratory Western Union Bank

Suggested Use

Top Pick Building Supply HVAC Service Plumbing Service Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

389

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 13323, NY

11,415

Population

4,664

Households

2.4

Avg Household Size

43

Median Age

49%

College-Educated

97%

High-School Grad

38.9 sq mi

ZIP Area

293

Density / Sq Mi

$82,060

Median Household Income

$42,768

Median Earnings

$1,126

Median Rent

$231,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this drug stores located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• CVS Pharmacy — 39 Meadow St, Clinton, NY 13323
• Angela M. Jaros, PharmD — 39 Meadow St, Clinton, NY 13323
• Tracy Paciello — 39 Meadow St, Clinton, NY 133231625
• Ann Wilcox — 39 Meadow St, Clinton, NY 133231625
• Kinney Drugs Pharmacy — 12 Franklin Ave, Clinton, NY 13323

Frequently Asked Questions

What type of property is this?

Drug store - Two-property Kinney Pharmacy portfolio is offered for sale with a century-old tenant and 7.71% cap rate.

Where is this drug store located?

The property is located at 12 Franklin Avenue Clinton, NY.

What is the asking price?

The asking price for this property is $8,604,731.

What are key features of this property?

This property features: Two‑property Kinney Pharmacy portfolio for sale; 7.71% cap rate; Century‑old tenant