This Retail Property is Off-Market.

35 Eddie Dowling Highway
North Smithfield, RI 02896 ·

1,000 SF · Retail For Sale

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Stop & Shop Gas Ground Lease | N Smithfield, RI

Price N/A Cap Rate 6%
Building Size 1,000 SF Tenancy Single
Property Type Retail Property on Ground Lease? Yes
Property Sub-type
Free Standing Bldg
More...
  • Service/Gas Station
Year Built 2011
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.67 AC
Listing ID: 18372617 Date Created: 09/25/2013 Last Updated: 07/07/2015

Description

" North Smithfield, Rhode Island is located 4 miles southwest of Woonsocket, a densely populated town on the Massachusetts border that is home to the headquarters of CVS Caremark, and just 12 miles northwest of Providence, the state capital
" The property has excellent frontage and visibility along Route 104/146A just off the exit from Route 146, the area' s major thoroughfare
" The property is strategically located in front of the Stop & Shop anchored Park Square Plaza Shopping Center and directly across from McDonald' s and Burger King

" Other major retailers in the immediate vicinity include: Walmart, Dollar Tree, Job Lot, AutoZone and CVS
" Over 90,000 people live within a 5-mile radius of the property, generating an average household income of $68,000 per year

Highlights

  • Tenant: Stop & Shop operates more than 375 stores in the Northeast U.S. and employs 56,000+ associates
  • Parent Company: Ahold USA, which operates 770± supermarkets, is one of the nation' s top 10 food retailers ±$26B in annual revenues
  • Long Term Lease: 17.5 years of primary lease term remaining
  • Absolute NNN Ground Leases: No landlord responsibilities
  • Attractive Rent Increases: 10% rental increases every 5 years during the initial term and throughout the option periods
  • This property is part of a 12-asset portfolio - Individual and portfolio offers will be considered (Portfolio offers preferred)

Research

35 Eddie Dowling Highway, North Smithfield, RI 02896 (Providence County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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