Asking Price
Sq. Footage 16,657
NOI Net Operating Income
Cap Rate 7.65%

Attributes

Year Built 2008
Lease Type NNN
Current / Passing Rent
Lease Expiration 2033-04-30
Remaining Term 13 years, 3 months
Tenant Walgreens Boots Alliance, Inc

Property Description

Leasehold interest in a freestanding Walgreens store for sale along Warren Avenue in East Providence. Situated adjacent to I-95 and only 3 miles from downtown Providence which has 95,000 residents with an $80,000 average household income. Providence is the third largest city in the New England area and is home to over 1.6 million.

Investment Highlights

  • Property features an absolute NNN lease structure with an over 14.6-year term remaining
  • Zero landlord responsibilities
  • Highly desirable location
Peter Furest
Peter Furest
SVP, Capital Markets
Licensed in
NY - 10401232530
Bill Moylan
Bill Moylan
Managing Director, Captl Mkts
Licensed in
DC - AB98377977 VA - AB98377977

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