35 Eddie Dowling Highway, North Smithfield, RI, 02896 - Available for Sale

Retail For Sale

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Stop & Shop Gas Ground Lease | N Smithfield, RI

35 Eddie Dowling Highway, North Smithfield, RI 02896

$2,200,000

1,000 SF | Retail

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Retail Property For Sale

Price:
$2,200,000
Building Size:
1,000 SF
Price/SF:
$2,200
Property Type:
Retail
Property Sub-type:
Free Standing Bldg
Additional Sub-types:
Service/Gas Station
Property Use Type:
Net Lease Investment with
10+ years left on lease
Cap Rate:
6%
Occupancy:
100%
Tenancy:
Single
Property on Ground Lease?:
Yes
Year Built:
2011
Lot Size:
0.67 AC
Listing ID
18372617
Last Updated
1 day ago

Find Out More...

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)

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

Financial Summary

Major Tenant Information

  • Actual
  • 2013
  • $132,000

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

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Stop & Shop Gas Ground Lease | N Smithfield, RI
  • Retail
  • $2,200,000
  • 1,000 SF