Retail

CVS - Pawtucket RI

425 East Ave Pawtucket, Rhode Island United States 02860-5217
Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 2000
Building Area Gross
Land Area Gross ()
Occupancy 100.0 %

Asset Description

Jones Lang Lasalle America’s, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in a corporate NN Lease CVS Pharmacy (the “Property” or “Asset”) in Pawtucket, Rhode Island. The Property is in the Providence metropolitan statistical area (“MSA”), the third largest MSA in New England, is ideally situated just off the heavily trafficked Interstate 95 within a dense nearby residential population and strategically shares a parking lot with Oak Hill Medical Building.


Recently extended with 10.9 years of remaining primary term, investors will enjoy long-term stability and downside protection attributable to the below-market rental rate in place with a committed, investment grade Tenant providing essential products and services.


BROKER OF RECORD - SEAN LYNCH - LICENSE #: RI-REC.00189113

Investment Highlights

  • Corporate guaranty from CVS - an investment grade, industry leader that dominates the local Providence MSA
  • Recently-extended long-term lease at below market rental rate
  • Highly visible location just off Interstate 95 (112,400 vehicles per day)
  • Dense surrounding population of 350,000 residents within 5-mile radius
Last Updated Date: 23 Mar 2022

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Last Updated Date: 23 Mar 2022

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