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Drug Store

CVS Pharmacy | 14+ Year Lease | True NNN

1776 Broad St, Cranston, RI 02905

Listing Price: $9,685,516

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
13,115
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.31

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Cranston, Rhode Island. The property consists of roughly 13,115 rentable square feet of building space on an estimated 1.64-acre parcel of land. CVS Pharmacy benefits from its location on Broad Street as the site sees over 16,000 vehicles each day. The site is located just four miles outside of downtown Providence which brings increased traffic on a daily basis as well as strong population density including over 325,000 people residing within five miles of the property.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 14 Years of Term Remaining
  • Signalized, Hard Corner Intersection | Excellent Visibility Along Both Cross-Streets
  • This CVS Pharmacy is Located Only 20 Miles from CVS Corporate Headquarters in Woonsocket, RI

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Financing By

Drug Store

CVS Pharmacy | 14+ Year Lease | True NNN

Listing Price: $9,685,516

Cap Rate
6.00%
Tenant Name
CVS
Years Remaining On Lease
14.0
Guarantor
Corporate Guarantee
Rentable SF
13,115
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$44.31

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Over 14 Years of Term Remaining
  • Signalized, Hard Corner Intersection | Excellent Visibility Along Both Cross-Streets
  • This CVS Pharmacy is Located Only 20 Miles from CVS Corporate Headquarters in Woonsocket, RI

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a CVS Pharmacy located in Cranston, Rhode Island. The property consists of roughly 13,115 rentable square feet of building space on an estimated 1.64-acre parcel of land. CVS Pharmacy benefits from its location on Broad Street as the site sees over 16,000 vehicles each day. The site is located just four miles outside of downtown Providence which brings increased traffic on a daily basis as well as strong population density including over 325,000 people residing within five miles of the property.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

Financing By

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