Drug Store
CVS Pharmacy
6495 Post Rd, North Kingstown, RI 02852
Listing Price: $3,346,000
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
CVS Pharmacy
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
Listing Price: $3,346,000
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
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