Single-Tenant Pharmacy Retail
For Sale
Contact for pricing
1304 Washington Street, Watertown, NY 13601
Leased Kinney Drugs storefront on US Route 11 with convenient access, ample parking, and a strong cross-shopping location across from Piggly Wiggly.
Property Size11,326 SF
Price / SF$440.73
Days on Market82
Property Features for 1304 Washington Street
General Information
Standard status
Active
Size
11,326 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$376,872
Additional Details
Highway Access
Yes
Building Details
Year Built
2008
Stories
1
Tenancy
Single
Listing Agency:
Malchus Real Estate
(424) 320-5460
Listed By:
Joel Cukier · License #02005095
Source:
Crexi
Added: May 27
Changed: Aug 8
Last Checked: Aug 14 at 7:22AM
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 Malchus Real Estate
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Single‑tenant retail asset built in 2008, occupied by Kinney Drugs since original construction
- Located on Washington Street (US Route 11), Watertown’s primary commercial corridor
- Lease includes approximately 8 years remaining term plus four (4) 5‑year renewal options
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
524
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 13601, NY
37,287
Population
18,653
Households
2
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
140.8 sq mi
ZIP Area
265
Density / Sq Mi
$57,503
Median Household Income
$37,061
Median Earnings
$974
Median Rent
$170,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Bolton's Pharmacy Inc. — 1320 Washington St, Watertown, NY 13601
- Whitney Megan — 1304 Washington St, Watertown, NY 13601
- Damien Graham, RPH — 1331 Marra Dr, Watertown, NY 13601
- Kinney Drugs Pharmacy — 1304 Washington St, Watertown, NY 13601
- Frank Reff — 1304 Washington St, Watertown, NY 136014532
Frequently Asked Questions
What type of property is this?
Drug store - Leased Kinney Drugs storefront on US Route 11 with convenient access, ample parking, and a strong cross-shopping location across from Piggly Wiggly.
Where is this drug store located?
The property is located at 1304 Washington Street Watertown, NY.
What is the asking price?
The asking price for this property is $4,991,682.
What are key features of this property?
This property features: Single‑tenant retail asset built in 2008, occupied by Kinney Drugs since original construction; Located on Washington Street (US Route 11), Watertown’s primary commercial corridor; Lease includes approximately 8 years remaining term plus four (4) 5‑year renewal options
