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40 State Highway 310 12,142 SF Retail Building Canton, NY 13617 $4,135,500 CAD ($340.59 CAD/SF) 7% Cap Rate

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EXECUTIVE SUMMARY

Introducing an exceptional investment opportunity at 40 State Highway 310, Canton, NY 13617! This property features a corporate Kinney Drugs lease, offering a stable income stream from a well-established regional pharmacy chain known for its strong brand presence. Situated near major educational institutions like St. Lawrence University and SUNY Canton, as well as popular retail centers and residential neighborhoods, this location enjoys a robust customer base since 1993. Boasting excellent access, exposure, and high daily traffic counts, this property guarantees visibility and accessibility for any business. With 5 years remaining on the current lease and 4-5 year renewal options, this investment is primed for long-term success. The surrounding demographics showcase a growing population, high median household incomes, and a significant employee base, ensuring a thriving market for potential businesses. Don't miss out on this prime investment opportunity! Contact Sutton Real Estate Company today for more details and secure your future at 40 State Highway 310, Canton, NY 13617!

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Drug Store
Building Size
12,142 SF
Building Class
C
Year Built
1993
Price
$4,135,500 CAD
Price Per SF
$340.59 CAD
Cap Rate
7%
NOI
$289,485 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
2.10 AC
Zoning
01
Parking
100 Spaces (8.24 Spaces per 1,000 SF Leased)
Frontage
250’ on Highway 310

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Retailer
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Kinney Drugs is a regional pharmacy and retail chain founded in 1903 in Gouverneur, New York. The company operates as part of KPH Healthcare Services and is structured as an employee-owned organization. Its Syracuse-area presence supports a broader network of stores serving communities across New York and Vermont. Over its history, the company has expanded from a single drugstore into a diversified provider of pharmacy, retail, and healthcare-related services. Notable milestones include opening its first distribution center in 1962 and the establishment of the Kinney Drugs Foundation in 2002 to support charitable initiatives. In 2008, the company transitioned to employee ownership through a stock buyback. More recently, Kinney Drugs introduced Ask Burt, an AI-driven virtual assistant designed to help individuals navigate vaccine eligibility guidelines. The company remains privately held through its employee-ownership model.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Retailer 99,999 SF $9.99 Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Price Chopper
Tim Hortons
Jazzercise
NBT Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
402201-088-036-0004-004-000-0000
Land Assessment
$55,376 CAD
Improvements Assessment
$879,100 CAD
Total Assessment
$934,477 CAD
  • Listing ID: 39163603

  • Date on Market: 2026-01-21

  • Last Updated:

  • Address: 40 State Highway 310, Canton, NY 13617

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