1304 Washington Street Watertown, NY 13601

This single-tenant retail property is occupied by Kinney Drugs, an employee-owned regional pharmacy chain founded in 1903. The company has operated at this location since the property’s original construction, supporting long-term continuity for the site. The lease includes approximately eight years of remaining term and four (4) five-year renewal options, along with 10% rental increases every five years throughout the primary term and renewal options.

The asset is positioned along Washington Street (US Route 11) in Watertown’s primary commercial corridor, providing direct exposure to the area’s retail traffic. The property also features convenient access and ample parking. The site is located directly across from a Piggly Wiggly supermarket, supporting daily customer convenience and cross-shopping.

For buyers seeking a necessity-based retail investment with an established operator, this offering combines a prominent corridor location with a long-tenured tenant. The lease structure provides an extended hold period through multiple renewal options, while the scheduled rental increases are designed to adjust payments at set five-year intervals. The property’s stated positioning serves both local residents and military personnel from nearby Fort Drum, and it operates within Watertown’s primary retail hub in Northern New York.