309 Broad St
Central Falls, RI 02863
CVS w/ Drive Thru | Corp Abs NNN · Retail Property For Sale
Investment Highlights
- Corporate Guaranteed Lease | Approaching Rental Increase
- Hard Corner Intersection | Interstate 95
- Dense Population in 5-Mile Trade Area
- Absolute NNN | Fee Simple Ownership | ZERO Landlord Responsibilities
- Nearby National/Credit Tenants | Future Train & Bus Station
Property Facts
Amenities
- Bus Line
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signalized Intersection
- Drive Thru
About 309 BROAD ST , CENTRAL FALLS, RI 02863
The subject property is located at the signalized, hard corner intersection of Clay Street and Broad Street, with nearby on/off ramp access to Interstate 95, a major thoroughfare going through the state of Rhode Island as a whole. The site is in the heart of a dense retail corridor, with nearby national/credit tenants including Family Dollar, Rite-Aid, Walgreens, Shell, Burger King, and more, increasing consumer draw to the trade area. This CVS contains a two-lane drive thru, which provides ease of access and convenience for pharmacy customers. The site is directly adjacent to the main railway of Rhode Island, which goes from Newport, RI, through Central Falls, and east into Massachusetts. A state-of-the-art train and bus station will soon be located less than a half-mile away from the site, further increasing consumer draw to the immediate trade area. Development of the new station is projected to cost about $40MM, and is scheduled to begin by the end of 2018, with the station opening in 2020.
Property Taxes
| Parcel Number | PAWT-000043-000000-000644 | Improvements Assessment | $42,800 |
| Land Assessment | $235,900 | Total Assessment | $278,700 |
Property Taxes
