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7691 Post Rd
N Kingstown, RI 02852
Abs. NNN Lease Walgreens | Providence MSA, RI · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Zero Landlord Responsibilities; Corporate Guaranty (NASDAQ: WBA)
- Affluent Market; Average Household Income within 1 Mile Exceeds $125,000
- Located on Main Thoroughfare to Newport, RI, one of the most Affluent Cities in the Nation (10 Miles from Subject Property)
- Over 20+ Years of Pharmacy Operational History; 10% Rental Increase in the Next Option Period (3.5+ Years Remaining)
- Limited Competition; Nearest free-standing National Pharmacy is 2.5 miles away; Signalized Location with Visibility to over 17,000 Cars per Day
- Large Oversized Parcel; 3.10 AC
EXECUTIVE SUMMARY
Absolute NNN Lease Guaranteed by Walgreens
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,086 SF
Building Class
B
Year Built/Renovated
1999/2019
Price
$2,500,000
Price Per SF
$206.85
Cap Rate
9.76%
NOI
$243,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.10 AC
Zoning
PR - Post Road District
Frontage
250’ on Post Road
AMENITIES
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | NKIN-000135-000016 | Improvements Assessment | $2,103,200 |
| Land Assessment | $956,300 | Total Assessment | $3,059,500 |
PROPERTY TAXES
Parcel Number
NKIN-000135-000016
Land Assessment
$956,300
Improvements Assessment
$2,103,200
Total Assessment
$3,059,500
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