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STNL Walgreens | Providence MSA, RI 7691 Post Rd

12,086 SF Retail Building N Kingstown, RI 02852 $3,484,800 ($288/SF) 7% Cap Rate

Retail Buildings Rhode Island N Kingstown 7691 Post Rd, N Kingstown, RI 02852

Investment Highlights

  • Absolute NNN Lease with Zero Landlord Responsibilities; Corporate Guaranty (NASDAQ: WBA)
  • Affluent Market; Average Household Income within 1 Mile Exceeds $125,000; Signalized Location with Visibility to over 17,000 Cars per Day
  • 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); Large Oversized Parcel; 3.10 AC
  • Limited Competition; Nearest free-standing National Pharmacy is 2.5 miles away; Nearby National Retailers - Kohl’s, O’Reilly’s, HomeGoods, Chipotle

Executive Summary

Perfect 1031 Exchange Property

Property Facts

Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,086 SF
Building Class
B
Year Built
1999
Price
$3,484,800
Price Per SF
$288
Cap Rate
7%
NOI
$243,936
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
3.10 AC
Zoning
PR
Frontage
250 FT on Post Road

Amenities

  • Signage
  • Drive Thru
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PROPERTY TAXES

Parcel Number NKIN-000135-000016 Improvements Assessment $2,513,500
Land Assessment $897,400 Total Assessment $3,410,900

PROPERTY TAXES

Parcel Number
NKIN-000135-000016
Land Assessment
$897,400
Improvements Assessment
$2,513,500
Total Assessment
$3,410,900
(949) 667-1077

Contacts

  • Listing ID: 32737435

  • Date on Market: 8/8/2024

  • Last Updated:

  • Address: 7691 Post Rd, N Kingstown, RI 02852

More public record information on 7691 Post Rd, N Kingstown, RI 02852

The Retail Property at 7691 Post Rd, N Kingstown, RI 02852 is currently available for sale. Contact Anchor Point Capital, Inc for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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STNL Walgreens | Providence MSA, RI | 7691 Post Rd
(949) 667-1077 x

STNL Walgreens | Providence MSA, RI | 7691 Post Rd

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Eric Vu

(949) 667-1077

(949) 667-1077

Nicholas Sarris

(949) 438-0052

(949) 438-0052

Chandler Dignam

(714) 928-9617

(714) 928-9617

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