12 Franklin Avenue Clinton, NY 13323
Two-property Kinney Pharmacy portfolio is offered for sale with a century-old tenant and 7.71% cap rate.
- Added:
- Jul 8, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 11 at 2:01 am
Property Features for 12 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 27,253 SF
- Property subtype
- Retail
Listing office Matthews
Listing date Jul 8, 2026
Source Crexi
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.
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
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $441.5k | $16.20 |
| − Vacancy | −$23.0k | −$0.84 |
| EGI | $418.5k | $15.36 |
| − OpEx | −$104.6k | −$3.84 |
| NOI | $313.9k | $11.52 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
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
- Kinney Drugs Pharmacy — 12 Franklin Ave, Clinton, NY 13323
- Ann Wilcox — 39 Meadow St, Clinton, NY 133231625
