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CVS & Sakonnet River Grille 500 Main Rd 17,950 SF 100% Leased Retail Building Tiverton, RI 02878 $7,952,426 ($443.03/SF) 7.50% Cap Rate



Investment Highlights
- Long-Term Leases
- Net Leases
- Prime Retail Location
- Scheduled Rent Increases
- Investment Grade Anchor
- Strong Demographics
Executive Summary
Property Facts
Amenities
- Bus Line
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2040
CVS Pharmacy began as Consumer Value Stores in Lowell, Massachusetts in 1963 and introduced pharmacies inside stores a few years later in Cranston, Rhode Island. The business operates as part of CVS Health, a broader health care company that combines retail pharmacy with pharmacy services, mail order, specialty pharmacy, prescription delivery, vaccinations, and clinical support. CVS Pharmacy serves consumers through a wide network of neighborhood pharmacies and offers services tied to medication access, counseling, and wellness needs. Over time, the company expanded from a single store format into a major U.S. pharmacy presence with a national footprint in health care delivery.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Retailer | - | - | Triple Net | Jan 2040 |
Property Taxes
| Parcel Number | TIVE-000112-000000-000396 | Improvements Assessment | $2,949,600 |
| Land Assessment | $1,002,000 | Total Assessment | $3,951,600 |
