1993 Plainfield Pike - Drug Store FOR SALE
Johnston, RI 02919 |
1993 Plainfield Pike
Johnston, RI 02919
HIGHLIGHTS
- ABSOLUTE NET LEASE WITH 17 YEARS REMAINING - This is an absolute net lease with 17 years remaining and no landlord responsibilities
- TEN (5-YEAR) OPTIONS WITH 2.5% INCREASES IN OPTIONS - There are ten (5-year) options and a 2.5% rental increase in each of the ten options
- NO RENT HOLIDAY, FREE & CLEAR OF DEBT - This lease does not include a rent holiday and it is also being delivered free and clear of debt
- SOLID PERFORMING LOCATION – 20 YEAR EXTENSION - CVS extended the lease at this location for a fresh 20-year term in 2019
- AVG HOUSEHOLD INCOME OF $110,000+ IN A 1-MI RADIUS – Avg HH income in a 1-mi radius is $111,798, 3-mi radius is $92,566 and $77,302 in a 5-mi radius
- 8 MI FROM PROVIDENCE - Subject property is 8 miles SW of the capital city of RI- Providence, which has an est. population of over 1.6M residents.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
CVS Johnston RI | $12.3M | ±17 Years | NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Drug Store
ADD'L SUBTYPES
Convenience Store, Freestanding, Storefront
TOTAL BUILDING SIZE
12974
STORIES
1
YEAR BUILT
2009
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
JOHN-000029-000000-000013
