Northmarq’s Investment Sales team successfully completes sale of Kinney Drugs in Carthage, NY
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.
Meet our team
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built a loan servicing portfolio of more than $76 billion and a two-year transaction volume of $52 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.northmarq.com.
