3228 E Main Rd | Portsmouth, RI 02871
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3228 E Main Rd
Portsmouth, RI 02871
13+ Yr Dollar General 3% Rent Increase Yr 11 · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Only dollar store located in Portsmouth
- Investment grade tenant (S&P: BBB) and a corporate guaranty
- Nearby national/credit tenants include O'Reilly Auto Parts, Cumberland Farms, Ace Hardware, Dunkin’, and more
- 13+ years remaining in their original 15-year lease with 3 (5-year) options to extend
- 3% rental increase in year 11 and 10% rental increase in options
- More than 40,000 residents and 12,000 employees support the trade area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Freestanding
Building Size
9,100 SF
Building Class
B
Year Built
2017
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
1.62 AC
Zoning
C
Parking
52 Spaces (7.22 Spaces per 1,000 SF Leased)
Frontage
154’ on Main Rd
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | PORT-000029-000000-000032 | Improvements Assessment | $1,040,600 |
| Land Assessment | $724,700 | Total Assessment | $1,765,300 |
PROPERTY TAXES
Parcel Number
PORT-000029-000000-000032
Land Assessment
$724,700
Improvements Assessment
$1,040,600
Total Assessment
$1,765,300
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