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Dark Walgreens Retail Space
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1011 Cranston St, Cranston, RI 02920

Dark retail space carrying the Walgreens brand.

Property Size14,673 SF
Days on Market144

Property Features for 1011 Cranston St

General Information

Standard status Active
Size 14,673 SF
Property subtype Retail

Additional Details

Cap Rate 9.7%
Listing Agency: CBRE - Orange County
Listed By: Ian Schroeder · License #CA 01497897
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 29 at 6:49PM

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 CBRE - Orange County

Investment Insights

Based on property information with market context.

This dark Walgreens retail space contains 14,673 SF and is identified as a retail property. The asset is located at 1011 Cranston St, Cranston, RI 02920.

The property is offered with a reported 9.70% CAP rate.

Key Highlights

  • 14,673 SF retail space
  • Walgreens‑branded property
  • Reported 9.70% CAP rate

Property Analytics

Current Use

higi Physician Western Union Bank Walgreens #06595 Pharmacy Atlas ATM Atm COVID-19 Drive-Thru Testing ... Medical Laboratory

Suggested Use

Top Pick Dental Office Law Firm Parking Lot & Garage Real Estate Agency Cafe & Coffee Shop (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

833
Businesses Nearby
364k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 32% Shops & Services 22% Groceries 19% Apparel 16%
Burlington Apparel
45,165 visits/mo 0.4 miles
Stop & Shop Groceries
44,393 visits/mo 0.4 miles
Lowe's Home Improvements & Furnishings
32,032 visits/mo 0.2 miles
Five Below Shops & Services
30,941 visits/mo 0.4 miles
McDonald's Dining
27,602 visits/mo 0.2 miles

Demographics for 02920, RI

37,791
Population
15,052
Households
2.5
Avg Household Size
43
Median Age
32%
College-Educated
88%
High-School Grad
8.9 sq mi
ZIP Area
4,246
Density / Sq Mi
$79,246
Median Household Income
$51,811
Median Earnings
$1,271
Median Rent
$336,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Dark retail space carrying the Walgreens brand.
Where is this retail space located?
The property is located at 1011 Cranston St Cranston, RI.
What are key features of this property?
This property features: 14,673 SF retail space; Walgreens‑branded property; Reported 9.70% CAP rate
More about this property
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