7691 Post Rd, N Kingstown, RI 02852
12,086 SF | Retail Building | N Kingstown, RI 02852 | $3,484,800 ($288/SF) | 7% Cap Rate
For Sale
Active
Asking Price $3,484,800
- Property Type
-
Retail
- Square Feet
- 12,086 SF
- Price / Square Foot
- $288
Listing Contacts
Eric Vu
Nicholas Sarris
Chandler Dignam
Property Overview
Perfect 1031 Exchange Property
Property Details
- Class
- B
- Year Built
- 1999
- Stories
- 1
- Property Subtype
- Freestanding, Drug Store, Storefront
- Lot Size (sq. ft)
- 135,036 SF
Highlights
- Absolute NNN Lease with Zero Landlord Responsibilities; Corporate Guaranty (NASDAQ: WBA)
- 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
- Affluent Market; Average Household Income within 1 Mile Exceeds $125,000; Signalized Location with Visibility to over 17,000 Cars per Day
- Limited Competition; Nearest free-standing National Pharmacy is 2.5 miles away; Nearby National Retailers - Kohl’s, O’Reilly’s, HomeGoods, Chipotle
- Located on Main Thoroughfare to Newport, RI, one of the most Affluent Cities in the Nation (10 Miles from Subject Property)
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