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1125 Main St
West Warwick, RI 02893

Dollar Tree · Retail Property For Sale

Investment Highlights

  • Recently Executed New 10 Year Lease | Dollar Tree Invested Significant Capital into the Fit-Out of this Former All Brick CVS
  • High Exposure Location | Over 18,000 Vehicles Pass this Site Each Day
  • Four Way, Signalized Intersection Location
  • Phenomenal Population Density for a Dollar Store
  • Prime Positioning to Serve its Target Market | Limited to No Competition in the Area
  • Rental Increases of 6.5% In Each Option Period

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
10,455 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
0.79 AC
Zoning
B
Parking
43 Spaces (4.11 Spaces per 1,000 SF Leased)
Frontage
109 FT on Main St

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

About 1125 Main St , West Warwick, RI 02893

The Dollar Tree is situated on 1125 Main Street, which experiences an average traffic count of over approximately 18,000 vehicles per day. There are approximately 56,000 people with a three-mile radius and 115,000 people within the five-mile radius, with an average income exceeding of $70,000 in a three-mile radius. These are phenomenal demographics for a Dollar Tree as the population density is well beyond the average for the tenant. The subject property is well-positioned as a prime retailer on Main street in West Warwick, surrounded by both national and regional tenants. Nationally recognized tenants in the area include CVS Pharmacy, Jerry’s Supermarket, Citizens Bank, NAPA Auto-Service as well as many others. The subject property also benefits from a strong academic presence, these schools include West Warwick High School, located opposite the subject property. There are another several schools within a three-mile radius, that have a combined enrollment exceeding 2,000 students. Theodore Francis Green Airport, voted third best airport in America with 8 million annual visitors on average, is within a five-mile radius of the site. Downtown Providence, the industrial and cultural hub of Rhode Island, is also within a nine-mile radius of the site as well as Coventry and Cranston, Rhode Island. West Warwick is a town in Kent County, Rhode Island. The town is situated on the western bank of the Pawtuxet River, next to the industrial center of the larger town of Warwick. The town benefits from its proximity to Provenance, Rhode Island, located only nine miles north. Providence is the capital and most populous city of the state of Rhode Island, and one of the oldest cities in the United States. Providence was one of the first cities in the country to industrialize and become noted for its textile manufacturing and subsequent machine tool, jewelry and silverware industries. Today the city is home to eight hospitals and seven institutions of higher learning which have shifted the city’s economy into service industries, though it still retains some manufacturing activity. Prominent companies headquartered in Providence include Fortune 500, Textron, an advanced technologies industrial conglomerate and United Natural Foods, a distributor of natural and organic foods. The port of providence is the second largest deep-water seaport in New England, shipping cement, chemicals, heavy machinery and petroleum domestically and internationally.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WWAR-000005-000148-000000
Land Assessment
$466,100
Improvements Assessment
$715,500
Total Assessment
$1,181,600
  • Listing ID: 18279772

  • Date on Market: 1/23/2020

  • Last Updated:

  • Address: 1125 Main St, West Warwick, RI 02893

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