Walgreens - East Providence

Asset Type

Retail

Address
600 Warren Ave East Providence, RI United States 02914-2808
Asking Price

S$5,194,000

Sq Footage

16,657

Year Built

2008

Cap Rate

7.65%

Additional Attributes
Current / Passing Rent S$397,300
Lease Expiration 2033-04-30
Lease Type NNN
S & P Credit Rating BBB
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
Listing Contacts
Peter Furest
Peter Furest
SVP, Capital Markets
+65 3159 4021
NY - 10401232530
Bill Moylan
Bill Moylan
Managing Director, Captl Mkts
+65 3159 4021
DC - AB98377977 VA - AB98377977
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