Walgreens Pharmacy
For Sale
Contact for pricing
Pending
1155 Main Street, West Warwick, RI 02893
Absolute NNN lease with no landlord responsibilities and long-term renewal options.
Property SizeContact for details
Days on Market145
Property Features for 1155 Main Street
General Information
Standard status
Pending
Property subtype
Retail, Land
Financials
Asking Price
$3,500,000
Cap Rate
6.35%
Building Details
Tenancy
Single
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 31 at 1:59AM
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 Pharma Property Group
Investment Insights
Based on property information with market context.
This fee-interest offering is occupied by a Walgreens Pharmacy at 1155 Main Street in West Warwick, Rhode Island. The property operates under an absolute NNN lease with 10.5 years remaining and eight 5-year renewal options. The structure places no landlord responsibilities on ownership, while the option periods provide for 10% rental increases every 10 years. Walgreens assumed the lease in 2018 following its acquisition of approximately 1,900 Rite Aid locations.
The property sits on West Warwick’s main thoroughfare across from town hall, in the center of the community. A newly built CVS operating under a 25-year lease is located two blocks away. The site is the only Rite Aid or Walgreens property serving West Warwick’s west side of the Pawtuxet River. The property is 6 miles from Warwick and 0.7 miles from Natco Home.
The property sits on West Warwick’s main thoroughfare across from town hall, in the center of the community. A newly built CVS operating under a 25-year lease is located two blocks away. The site is the only Rite Aid or Walgreens property serving West Warwick’s west side of the Pawtuxet River. The property is 6 miles from Warwick and 0.7 miles from Natco Home.
Key Highlights
- Walgreens Pharmacy property at 1155 Main Street, West Warwick, RI 02893
- Absolute NNN lease with no landlord responsibilities
- 10.5 years remaining and eight 5‑year options
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
626
Businesses Nearby
37k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Groceries 25%
Dining 5%
Dollar Tree
Shops & Services
10,691 visits/mo
0.0 miles
Jerry's Supermarket IGA
Groceries
9,410 visits/mo
0.1 miles
Shell
Shops & Services
8,674 visits/mo
0.1 miles
Dollar General
Shops & Services
5,888 visits/mo
0.4 miles
D'Angelo Grilled Sandwiches
Dining
1,835 visits/mo
0.1 miles
Demographics for 02893, RI
31,030
Population
15,103
Households
2.1
Avg Household Size
41
Median Age
25%
College-Educated
90%
High-School Grad
7.8 sq mi
ZIP Area
3,978
Density / Sq Mi
$73,903
Median Household Income
$49,087
Median Earnings
$1,249
Median Rent
$293,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Anita J. Derreza, Phamd — West Warwick, RI 02893
- CVS — 1270 Main St, West Warwick, RI 02893
- CVS Pharmacy — 1270 Main St, West Warwick, RI 02893
- Laura Powers — 1270 Main St, West Warwick, RI 028934808
- Andrea Fugate — 1155 Main St, West Warwick, RI 028934830
Frequently Asked Questions
What type of property is this?
Drug store - Absolute NNN lease with no landlord responsibilities and long-term renewal options.
Where is this drug store located?
The property is located at 1155 Main Street West Warwick, RI.
What are key features of this property?
This property features: Walgreens Pharmacy property at 1155 Main Street, West Warwick, RI 02893; Absolute NNN lease with no landlord responsibilities; 10.5 years remaining and eight 5‑year options
