NN Leased Advance Auto
10 Putnam Pike, Johnston, RI 02919
NN leased Advance Auto Parts investment property in Johnston, Rhode Island.
Type:Retail
Property size:
5,920 SFPrice / SF:
$267/SF- Added:
- Mar 23, 2026
- Days on Market:
- 50
- Last Refresh:
- Mar 25 at 8:17 am
Property Features for 10 Putnam Pike
General Information
- Standard status
- Active
- Size
- 5,920 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1992
Listing agent Matthew Mousavi License #CA 01732226
Listing office SRS Real Estate Partners Newport Beach
Listing date Mar 23, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners Newport Beach
HighLights
- Long‑term corporate lease with Advance Auto Parts (extended through Dec. 2036).
- Corporate guaranteed lease (S&P: BBB) providing financial security.
- Rental increases scheduled in July 2031 and at the beginning of each option period.
- Located at a high‑traffic intersection (36,000 VPD) with excellent visibility.
- Situated in a dense retail corridor with numerous national/credit tenants.
- Strong demographics with a large population (275,000 residents within 5 miles) and high average household income ($92,875 within 3 miles).
Overview
This property offers the opportunity to acquire the fee simple interest in a NN leased, corporate signed, Advance Auto Parts investment property in Johnston, Rhode Island, within the Providence MSA. The tenant, Advance Stores Company, Inc., has recently extended their lease through December 2036, with options for three additional 5-year extensions. The lease includes a 5% rental increase in July 2031, and 10% rental increases at the beginning of each option period. The lease is guaranteed by the corporate entity (S&P: BBB) and is NN with landlord responsibilities limited to roof and structure. Advance Auto Parts operates 5,750 stores and 266 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The property is located near the signalized intersection of Putnam Pike and George Waterman Rd, which sees a combined traffic volume of 36,000 vehicles per day. It benefits from access to Interstate 295, a major thoroughfare with over 70,000 vehicles per day. Situated in a dense retail corridor, nearby national tenants include Walgreens, CVS Pharmacy, Dollar Tree, Dunkin Donuts, Burger King, and McDonald’s. The property is also located near North Providence High School (1,107 students) and Our Lady of Fatima Hospital (100 beds). The 5-mile trade area is supported by over 275,000 residents and 149,000 employees. The property size is 5,920 square feet. Residents within a 3-mile radius have an average household income of $92,875.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Auto shops
Similar Places Nearby
- Pat's Auto Sales, Auto Body, Inc. — 363 George Waterman Rd, Johnston, RI 02919
- Hillview Auto Body — 107 Railroad Ave, Johnston, RI 02919
- Tommy's — 90b Allendale Ave, Johnston, RI 02919
- Sgambatos Service Inc. — 603 Woonasquatucket Ave, North Providence, RI 02911
- Comella's Auto Body — 429 George Waterman Rd, Johnston, RI 02919
Location Insight
- Map
- Local Demand
- City
- Johnston
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.4885223
- Latitude
- 41.859175
Nearby Similar for Sale
FAQs
What type of property is this?
Auto shop - NN leased Advance Auto Parts investment property in Johnston, Rhode Island.
Where is this auto shop located?
The property is located at 10 Putnam Pike Johnston, RI.
What is the asking price?
The asking price for this property is $1,584,000.
What are key features of this property?
This property features: Long‑term corporate lease with Advance Auto Parts (extended through Dec. 2036).; Corporate guaranteed lease (S&P: BBB) providing financial security.; Rental increases scheduled in July 2031 and at the beginning of each option period.
