Leased CVS Pharmacy
1068 Putnam Pike Glocester, RI 02814
For Sale
Contact for pricing
Single-tenant CVS Pharmacy property is leased on an assumable zero-cash-flow NNN basis with term through January 2035.
Property Size13,013 SF
Price / SF$467.88
Days on Market116
Property Features for 1068 Putnam Pike
General Information
- Standard status
- Active
- Size
- 13,013 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2007
Listing Agency:
Marcus & Millichap - Salt Lake City
Listed By:
Austin Williams -MRED · License #UT 11054719
Source:
Crexi
Added: Mar 30
Changed: Jul 22
Last Checked: Jul 23 at 7:40AM
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 Marcus & Millichap - Salt Lake City
Investment Insights
Based on property information with market context.
This offering includes a single-tenant CVS Pharmacy property leased on an assumable zero-cash-flow NNN basis. The lease is described as long-term and corporately guaranteed, with approximately 10 years of term remaining through January 2035. The current monthly rent is $34,248.26, and the rent is stated to be backed by CVS corporate credit.
The property is located at 1068 Putnam Pike in Glocester, Rhode Island, along a key commercial corridor. The seller’s remarks indicate strong visibility and long-term viability, along with minimal landlord responsibilities under the NNN structure.
With the remaining lease term through January 2035 and stated corporate credit backing, the asset is positioned as a long-duration, management-light investment tied to the existing CVS tenancy.
The property is located at 1068 Putnam Pike in Glocester, Rhode Island, along a key commercial corridor. The seller’s remarks indicate strong visibility and long-term viability, along with minimal landlord responsibilities under the NNN structure.
With the remaining lease term through January 2035 and stated corporate credit backing, the asset is positioned as a long-duration, management-light investment tied to the existing CVS tenancy.
Key Highlights
- Single‑tenant CVS Pharmacy property leased on an assumable zero‑cash‑flow NNN basis
- Lease term runs approximately 10 years, through January 2035
- Monthly rent of $34,248.26 backed by CVS corporate credit
Property Analytics
Location Intelligence
Current Use by Public Records
Santander Bank ATM
Atm
CVS Pharmacy
Pharmacy
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Similar Off Market Nearby
- CVS Pharmacy — 1068 Putnam Pike, Glocester, RI 02814
- CVS — 1068 Putnam Pike, Chepachet, RI 02814
- Emma Decourcy — 1068 Putnam Pike, Chepachet, RI 028141466
- Danielle Jacquart — 1068 Putnam Pike, Chepachet, RI 028141466
FAQs
What type of property is this?
Drug store - Single-tenant CVS Pharmacy property is leased on an assumable zero-cash-flow NNN basis with term through January 2035.
Where is this drug store located?
The property is located at 1068 Putnam Pike Glocester, RI.
What is the asking price?
The asking price for this property is $6,088,577.
What are key features of this property?
This property features: Single‑tenant CVS Pharmacy property leased on an assumable zero‑cash‑flow NNN basis; Lease term runs approximately 10 years, through January 2035; Monthly rent of $34,248.26 backed by CVS corporate credit
