100 Broad St
Pawtucket, RI 02860
Walgreens | High Sales | 11 Yrs | 6.5 CAP · Retail Property For Sale

Pharma Property Group has been exclusively retained by ownership to present for sale the opportunity to acquire the Walgreens property located in Pawtucket, Rhode Island. This property is available for purchase and operates on a double net lease basis with 11 years remaining on the lease term, including six (5-year) options to follow. Walgreens recently exercised two five-year options early showing commitment to this location. Income guaranteed by Walgreens corporation which has an investment grade credit rating of BBB (S&P) and is a top 20 Fortune 500 company with approximately 9,500 locations. This pharmacy and store are open 24 hours and have a history of very strong reported sales, above the national average for a Walgreens. The subject property is located near two satellite offices of St. Joseph's Hospital (Fatima Health), a 175-bed hospital that has approximately 100,000 patient visits per year located five miles west. The subject property is located just five miles north of downtown Providence, the capital city of Rhode Island. The subject property is located at the signalized intersection of Broad Street and Goff Avenue with a total traffic count of approximately 20,500 vehicles per day. Interstate 95 is one-half mile east from the property with a daily traffic count of approximately 119,000 vehicles per day. This property is surrounded by residential neighborhoods with an average household income in a one-mile radius of $44,196, in a three-mile radius it is $66,980, and it is $73,315 in a five-mile radius. Total 5-mile population count is 304,789 residents.