Drug Store
CVS
1068 Putnam Pike, Glocester, RI 02814
Listing Price: $6,088,577
Investment Overview
The offering represents a rare opportunity to acquire a long-term, corporately guaranteed CVS Pharmacy lease in Glocester, Rhode Island. The property is leased on a Zero Cash FLow NNN basis, with approximately 10 years of term remaining through January 2035. Once paid off this lease provides a fixed income stream with positive cash flow and equity value from day one. The monthly rent of $34,248.26 is backed by CVS corporate credit, offering investors security and reliability. Situated along a key commercial corridor in an affluent and supply-constrained trade area, the property enjoys strong visibility, long-term viability, and minimal landlord responsibilities. This asset is well-suited for passive investors seeking long-duration credit tenancy, management-free ownership, and secure income.
Investment Highlights
- Corporate CVS Pharmacy – Absolute NNN Lease
- Zero Cash Flow takeover option
- Stable Essential Retail Location Serving the Trade Area
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Senior Managing Director, Market Leader - New England
Listing Price: $6,088,577
Investment Highlights
- Corporate CVS Pharmacy – Absolute NNN Lease
- Zero Cash Flow takeover option
- Stable Essential Retail Location Serving the Trade Area
Investment Overview
The offering represents a rare opportunity to acquire a long-term, corporately guaranteed CVS Pharmacy lease in Glocester, Rhode Island. The property is leased on a Zero Cash FLow NNN basis, with approximately 10 years of term remaining through January 2035. Once paid off this lease provides a fixed income stream with positive cash flow and equity value from day one. The monthly rent of $34,248.26 is backed by CVS corporate credit, offering investors security and reliability. Situated along a key commercial corridor in an affluent and supply-constrained trade area, the property enjoys strong visibility, long-term viability, and minimal landlord responsibilities. This asset is well-suited for passive investors seeking long-duration credit tenancy, management-free ownership, and secure income.
Exclusively Listed By
Broker of Record
-
Thomas Shihadeh
Senior Managing Director, Market Leader - New England