Northmarq’s Investment Sales team successfully completes sale of Kinney Drugs in Carthage, NY
Kinney Drugs
CARTHAGE, N.Y. (Oct. 1, 2024) — Northmarq’s Los Angeles Commercial Investment Sales team led by Joel Cukier successfully completed the $2.175 million sale of Kinney Drugs, a 10,965-sq.-ft. single-tenant retail property located at 401 State St. in Carthage, New York.
Northmarq represented the seller, Rocklyn Companies, Inc. The buyer was Cash Man LLC.
Kinney Drugs is ideally located at the intersection of State Street and Church Street with easy accessibility and visibility. The single-tenant property was built in 2000 and features a drive-thru pharmacy, Instacart and prescription delivery, an in-store photo kiosk and more. The double net lease is corporate guaranteed.
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Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.
