Wholesale Drug Distribution
For Sale
Contact for pricing
515 Stewart Drive W, Syracuse, NY 13212
Industrial wholesale distribution facility leased on a corporate NN structure to Kinney Drugs, Inc. under long-term terms.
Property SizeContact for details
Days on Market122
Property Features for 515 Stewart Drive W
General Information
Standard status
Active
Property subtype
Retail, Industrial
Additional Details
Highway Access
Yes
Listing Agency:
SAB Capital
Listed By:
Zach Weiss · License #NY 10401237727
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 11:37PM
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 SAB Capital
Investment Insights
Based on property information with market context.
The property is an industrial facility used for wholesale prescription drug distribution for Kinney Drugs. The site is secured by a double-net (NN) corporate-guaranteed lease with Kinney Drugs, Incorporated, with more than eight and a half years remaining. The base rent includes scheduled increases every five years, including option periods, with the next escalation referenced as occurring in 2022.
The facility is located in North Syracuse, New York on Stewart Drive, and it benefits from close proximity to Interstate 81 for distribution access and commuting.
The distribution program serves primary clients including the New York Correctional Facility and senior living facilities throughout upstate New York and Vermont. The facility currently employs 90 full-time employees who live primarily in Syracuse and its adjacent suburbs.
The facility is located in North Syracuse, New York on Stewart Drive, and it benefits from close proximity to Interstate 81 for distribution access and commuting.
The distribution program serves primary clients including the New York Correctional Facility and senior living facilities throughout upstate New York and Vermont. The facility currently employs 90 full-time employees who live primarily in Syracuse and its adjacent suburbs.
Key Highlights
- Kinney’s Drugstore wholesale distribution facility in North Syracuse, NY on Stewart Drive
- Double‑net (NN) corporate guaranteed lease with Kinney Drugs, Incorporated
- More than 8.5 years remaining on the lease term
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
181
Businesses Nearby
Explore this area
Business Placement
Demographics for 13212, NY
20,220
Population
9,213
Households
2.2
Avg Household Size
45
Median Age
28%
College-Educated
93%
High-School Grad
11.1 sq mi
ZIP Area
1,822
Density / Sq Mi
$74,931
Median Household Income
$45,740
Median Earnings
$1,027
Median Rent
$157,400
Median Home Value
Market
Vacancy Rate% for Industrial in Syracuse, NY
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Frequently Asked Questions
What type of property is this?
Distribution center - Industrial wholesale distribution facility leased on a corporate NN structure to Kinney Drugs, Inc. under long-term terms.
Where is this distribution center located?
The property is located at 515 Stewart Drive W Syracuse, NY.
What are key features of this property?
This property features: Kinney’s Drugstore wholesale distribution facility in North Syracuse, NY on Stewart Drive; Double‑net (NN) corporate guaranteed lease with Kinney Drugs, Incorporated; More than 8.5 years remaining on the lease term
