1993 Plainfield Pike | Johnston, RI 02919
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1993 Plainfield Pike
Johnston, RI 02919
CVS Johnston RI | $12.3M | ±17 Years | NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- ABSOLUTE NET LEASE WITH 17 YEARS REMAINING - This is an absolute net lease with 17 years remaining and no landlord responsibilities
- NO RENT HOLIDAY, FREE & CLEAR OF DEBT - This lease does not include a rent holiday and it is also being delivered free and clear of debt
- AVG HOUSEHOLD INCOME OF $110,000+ IN A 1-MI RADIUS – Avg HH income in a 1-mi radius is $111,798, 3-mi radius is $92,566 and $77,302 in a 5-mi radius
- TEN (5-YEAR) OPTIONS WITH 2.5% INCREASES IN OPTIONS - There are ten (5-year) options and a 2.5% rental increase in each of the ten options
- SOLID PERFORMING LOCATION – 20 YEAR EXTENSION - CVS extended the lease at this location for a fresh 20-year term in 2019
- 8 MI FROM PROVIDENCE - Subject property is 8 miles SW of the capital city of RI- Providence, which has an est. population of over 1.6M residents.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
12,974 SF
Building Class
C
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
4.30 AC
Zoning
B2
PROPERTY TAXES
| Parcel Number | JOHN-000029-000000-000013 | Improvements Assessment | $1,868,700 |
| Land Assessment | $1,166,900 | Total Assessment | $3,035,600 |
PROPERTY TAXES
Parcel Number
JOHN-000029-000000-000013
Land Assessment
$1,166,900
Improvements Assessment
$1,868,700
Total Assessment
$3,035,600
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