Kinney Pharmacy & Dunkin’

• Diversified Two-Tenant Income — The property is leased to Kinney Drugs and Dunkin’, diversifying income across pharmacy and quick-service restaurant uses. The two-tenant structure reduces reliance on a single operator while combining an established regional pharmacy with a nationally recognized restaurant brand.
• Attractive 7.50% Going-In Yield — Offered at $3,109,333, the property provides a 7.50% cap rate with approximately 6.4 years of weighted-average lease term remaining, providing investors with attractive current yield and visibility into future cash flow.
• Immediate Contractual Rent Growth — Annual base rent increases from approximately $226,000 to $233,201 in November 2026 through Dunkin’s scheduled rent increase. The contractual increase provides near-term income growth without relying on lease renewal, market rent growth, or additional capital investment.
• Low-Maintenance NN Structure — Both tenants are responsible for taxes, insurance, and CAM, with landlord responsibilities primarily limited to the roof and structure. The NN structure reduces day-to-day ownership obligations and provides investors with a more passive income stream.
• 50,000+ Resident Trade Area — More than 50,000 residents live within 10 miles of the property, with average household income exceeding $81,000. Ilion is positioned along the I-90 corridor with Utica approximately 20 minutes away, providing access to a larger regional employment and consumer base.
• Recent Lease Renewals — Both Dunkin’ and Kinney Drugs recently exercised renewal options, demonstrating continued commitment to the location and reinforcing the long-term stability of the tenant mix.
• Largest Private Dunkin’ Franchisee — Cafua Management Company operates 200+ Dunkin’ locations across seven states, making it the largest private Dunkin’ franchisee in the U.S. and providing experienced, established operations behind the lease.