loader
Join Free
Views: 95 DOM: 166 Updated: 11.18.24 Posted: 06.19.24 Status: Active

Summary

Price $6,558,865
Built/Renov 2011
Tenant Kinney Drugs
Cap Rate 6.00%
Lease Type NN+
Guarantor Corporate
Size/SF 11,583
Lease Start 08-25-2011
#Units 100
Price/SF $566.25
Expiration 05-31-2032
Tenant Type Pharmacy
NOI $393,532
R. Term 7.6
Ownership Fee Simple
Rent/SF $33.97
Increases 10.0%/2/yrs
Pop 5Mi 46,861
Lot/AC 1.97
Options 2/5yrs/10%
AHHI 5Mi $143,938

Lease Highlights

  • Kinney Drugs has 7+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental increase scheduled in 2027
  • Favorable NN+ lease with landlord responsible for structure only
  • Corporate guaranteed lease

Location Description

Kinney Drugs is strategically located at the signalized, hard corner intersection of Executive Drive and Shelburne Road, the primary thoroughfare, with access to a combined daily traffic count of 39,703 vehicles. The property is surrounded by well-known national tenants including Tractor Supply Co., Dunkin’, Ethan Allen, Harbor Freight, several car dealerships, among others. Additionally, it...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Kinney Drugs
  • Guarantor:Corporate
  • Company:KPH Healthcare Services
  • # Units:100
  • Stock:Private

About Tenant

Kinney Drugs is a retail pharmacy that provides high-quality pharmacy and retail products and services and is the 4th largest chain drug retailer in the United States, filling nearly 8 million...


...

Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 3,207 14,980 48,069
2024 Total Population : 3,014 14,543 46,804
2024 Employed Civilian Pop : 1,518 8,393 26,210
2024 Total Businesses : 176 693 3,262
2024 Average Household Income : $ 151,864 $ 157,075 $ 130,431
2024 Total Consumer Spending : $ 161 M $ 795 M $ 2105 M
2024 Median Age : 47 45 35
2024 Total Households : 1,245 5,911 18,651
2024 Pop Age 25+: Bachelor's Degree : 486 3,638 9,691
2024 Average Home Value : $ 657,760 $ 657,991 $ 590,873
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Shelburne Road Tamarack Shores 2022 20,509 0.05 mi
Shelburne Road Bay Rd 2021 20,326 0.05 mi
Executive Drive Shelburne Rd 2022 1,298 0.05 mi
Shelburne Road Executive Dr 2021 17,196 0.08 mi
Shelburne Road Shelburne Rd 2022 17,351 0.08 mi
Bay Road Spinnaker Ln 2022 3,205 0.09 mi
Bay Road Shelburne Rd 2021 3,176 0.09 mi
Bay Road Bayfield Dr 2019 2,388 0.38 mi
Hullcrest Road Shelburne Rd 2022 1,204 0.39 mi
Lakeview Drive Shelburne Rd 2022 186 0.40 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity