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Drug Store

CVS

1068 Putnam Pike, Glocester, RI 02814

Listing Price: $6,088,577

Cap Rate
6.75%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
8.8
Gross SF
13,013
Guarantor
Corporate Guarantee
Rentable SF
13,013
Price/Gross SF
$467.88
Lease Type
Absolute Net
Rent Per Square Feet
$31.58

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

    (617) 896-7220

    License(s) RI: REB.0019374

    Rhode Island

Listing Price: $6,088,577

Cap Rate
6.75%
Tenant Name
CVS Pharmacy
Years Remaining On Lease
8.8
Gross SF
13,013
Guarantor
Corporate Guarantee
Rentable SF
13,013
Price/Gross SF
$467.88
Lease Type
Absolute Net
Rent Per Square Feet
$31.58

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

    (617) 896-7220

    License(s): RI: REB.0019374

    Rhode Island

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