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Drug Store

CVS Pharmacy

6495 Post Rd, North Kingstown, RI 02852

Listing Price: $3,721,000

Cap Rate
5.20%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
11.7
Gross SF
10,125
Guarantor
Corporate Guarantee
Rentable SF
10,125
Price/Gross SF
$367.51
Lease Type
Absolute Net
Rent Per Square Feet
$19.11

Investment Overview

Net-lease CVS Pharmacy with Drive-thru located at 6496 Post Rd, North Kingstown RI. 10,125 SF stand-alone building located on the main road of Route 1/Post Road that runs from Providence RI down the coast to Groton CT. 17 year base term runs from January 1, 2018 to October 31, 2035 = 12 years remaining. NOI $193,500

Investment Highlights

  • Double Net Lease CVS Pharmacy with Drive-thru located at 6496 Post Rd, North Kingstown RI. 10,125 SF located on Route 1/Post Rd that runs from Providence RI down the coast to Groton CT.
  • 12 years remaining on Base Term, expiration November 1, 2035. Five-5 Year options with 5% bumps. Original occupancy 1997 with a 17 year base term extension from January 1, 2018 - October 31, 2035
  • 2.5% Percentage Rent above a breakpoint of $7,740,000 with gross sales carve-outs.
  • Landlord responsible for Roof & Structure

Exclusively Listed By

  • Alex Quinn

    Senior Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, CT: REB.0755412, NY: 10301206120

    Boston

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

Listing Price: $3,721,000

Cap Rate
5.20%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
11.7
Gross SF
10,125
Guarantor
Corporate Guarantee
Rentable SF
10,125
Price/Gross SF
$367.51
Lease Type
Absolute Net
Rent Per Square Feet
$19.11

Investment Highlights

  • Double Net Lease CVS Pharmacy with Drive-thru located at 6496 Post Rd, North Kingstown RI. 10,125 SF located on Route 1/Post Rd that runs from Providence RI down the coast to Groton CT.
  • 12 years remaining on Base Term, expiration November 1, 2035. Five-5 Year options with 5% bumps. Original occupancy 1997 with a 17 year base term extension from January 1, 2018 - October 31, 2035
  • 2.5% Percentage Rent above a breakpoint of $7,740,000 with gross sales carve-outs.
  • Landlord responsible for Roof & Structure

Investment Overview

Net-lease CVS Pharmacy with Drive-thru located at 6496 Post Rd, North Kingstown RI. 10,125 SF stand-alone building located on the main road of Route 1/Post Road that runs from Providence RI down the coast to Groton CT. 17 year base term runs from January 1, 2018 to October 31, 2035 = 12 years remaining. NOI $193,500

Exclusively Listed By

  • Alex Quinn

    Senior Associate

    (617) 896-7284

    Email Alex

    License(s): MA: 9555660

    Boston

  • James M. Koury

    Senior Managing Director Investments

    (617) 896-7231

    Email James

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, CT: REB.0755412, NY: 10301206120

    Boston

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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