470 Metacom Ave
Warren, RI 02885

EXP Realty Advisors exclusively presents for sale a new Dollar General located in Warren, RI. The property is located on Metacom Ave (136) which is a main thoroughfare with many national retailers. Retailers in the immediate area include Advance Auto, Burger King, McDonald’s, Dunkin’ and CVS among others. In addition, Roger Williams University is a short drive south. The university is home to approximately 5,000 students and over 480 academic staff. Warren, which is located in Bristol County is comprised of the Towns of Barrington, Bristol and Warren, more affectionately known as the East Bay. The East Bay employs more than 13,000 workers in industries such as manufacturing, high-tech, health care, financial, industrial and service-oriented businesses. The East Bay is home to several national and international companies, such as Taylor Box, WaterRower, Tri-Mack Plastics, and Huestis, to name a few. The presence of so many notable companies means a low unemployment rate —4.8 to 3.6 percent compared to 5.1 percent statewide and 5 percent nationwide (June 2016) — and an enviable debt ratio. Moody's Investor Services has rated Barrington, Bristol and Warren, collectively, with an Aa2 rating, representing the area's high intrinsic, or standalone, financial strength. This 7,488 s/f building was previously used as office space. The property was completely renovated for Dollar General in 2019. All of the building systems were replaced including brand new electrical, plumbing, HVAC. The parking lot and sidewalks are also new. The roof is approximately 2 years old. LEASE SUMMARY: Rent Commencement: July 2019 Lease Expiration Date: July 2029 Current Rent: $112,000 with 8% increase after 5th year Options: Three – (5) year options Options Escalations: 10% every 5 years Lease Type: Net Lease – Landlord responsible for roof and structure. Landlord is responsible for maintaining and repairing the parking area as well as landscaping and snow removal (PARKING AREA MAINTENANCE). Tenant pays landlord $300 m/o / $3,600 per year for Parking Area Maintenance. Tenant is responsible for interior, non-structural components including maintaining and repairing the HVAC system. Tenant reimburses (over remaining lease term) for the cost in the event a replacement of the HVAC is needed.