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Kinney Drugs 103 Utica St

11,550 SF Retail Building Hamilton, NY 13346 £2,502,130 (£216.63/SF) 7.75% Net Initial Yield

INVESTMENT HIGHLIGHTS

  • Proximity to Colgate University
  • Very Strong Store Sales and Percentage Rent
  • Excellent Positioning on Utica Street

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for a Kinney
Drugs located at 103 Utica St, Hamilton, NY 13346 . The site
consists of roughly 11,550 rentable square feet of building space
on an estimated 2.21-acre parcel of land. This Kinney Drugs is
subject to a 20-year Double Net (NN) lease, which commenced
10/1/2004. The current annual rent is $251,419 (including the 2023
percentage rent) and has scheduled increases of 5.00% of the
base rent in the last remaining 5 year option.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
11,550 SF
Building Class
C
Year Built
2004
Price
£2,502,130
Price Per SF
£216.63
Net Initial Yield
7.75%
NOI
£193,922
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Lot Size
1.21 AC
Parking
44 Spaces (3.92 Spaces per 1,000 SF Leased)
Frontage
140 ft on Utica Street

AMENITIES

  • 24 Hour Access
1 of 1
103 Utica St, Hamilton, NY - AERIAL map view

NEARBY MAJOR RETAILERS

Whole Foods Market
NBT Bank
Price Chopper
Community Bank

PROPERTY TAXES

Parcel Number 253203-153-019-0001-036-000-0000 Improvements Assessment £614,995
Land Assessment £126,614 Total Assessment £741,610

PROPERTY TAXES

Parcel Number
253203-153-019-0001-036-000-0000
Land Assessment
£126,614
Improvements Assessment
£614,995
Total Assessment
£741,610
(480) 339-4331

CONTACTS

  • Listing ID: 33870227

  • Date on Market: 14/11/2024

  • Last Updated:

  • Address: 103 Utica St, Hamilton, NY 13346

The Retail Property at 103 Utica St, Hamilton, NY 13346 is currently available for sale. Contact NNN Pro Group for more information.

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103 Utica St, Hamilton, NY for sale Primary Photo- Image 1 of 3
103 Utica St - Hamilton, NY - Main
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Kinney Drugs | 103 Utica St
(480) 339-4331 x

Kinney Drugs | 103 Utica St

1/2

Cassandra Mosser

(480) 339-4331

(480) 339-4331

Glen Kunofsky

(332) 345-4222

(332) 345-4222

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