Net-Leased CVS with
1270 Main Street West Warwick, RI 02893
1270 Main Street, West Warwick, RI, 02893
Contact for pricing
For Sale
Contact for pricing
Pending
Newly constructed, single-tenant CVS features a drive-through pharmacy and a large floor plan.
Lot Size2.10 Acres
Days on Market103
Property Features for 1270 Main Street
General Information
- Standard status
- Pending
- Lot size
- 2.10 Acres
- Property subtype
- Retail
Listing agency
Horvath & Tremblay
Listed by
Todd Tremblay · License #MA 9​5​0​4​1​4​5
Source
Crexi
Added: Apr 10 Updated: Jul 20 at 11:45PM Checked: Jul 21 at 10:58AM
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Investment Insights
Based on property information with market context.
Horvath & Tremblay, as exclusive investment sales broker, is pleased to present the opportunity to acquire the fee-simple interest in a newly constructed, single-tenant net-leased CVS on Main Street in downtown West Warwick, Rhode Island.
The new CVS opened in April 2017. The property sits on a prominent 2.1-acre corner parcel in the heart of West Warwick’s downtown retail corridor at the southeast corner of a signalized intersection at the confluence of Main Street, Washington Street and Saint Mary’s Street. The site offers abundant parking and three points of ingress/egress.
The CVS lease includes fixed 5% rent increases every five years throughout the initial lease term, followed by 10% rent increases at the start of each renewal option period. The initial lease term has 25 years remaining and includes five, five-year tenant renewal options. The building is configured with a drive-through pharmacy and a large floor plan.
The new CVS opened in April 2017. The property sits on a prominent 2.1-acre corner parcel in the heart of West Warwick’s downtown retail corridor at the southeast corner of a signalized intersection at the confluence of Main Street, Washington Street and Saint Mary’s Street. The site offers abundant parking and three points of ingress/egress.
The CVS lease includes fixed 5% rent increases every five years throughout the initial lease term, followed by 10% rent increases at the start of each renewal option period. The initial lease term has 25 years remaining and includes five, five-year tenant renewal options. The building is configured with a drive-through pharmacy and a large floor plan.
Key Highlights
- Newly constructed, single‑tenant net‑leased CVS on Main Street in downtown West Warwick, RI
- New CVS opened April 2017 with 25 years remaining on the initial lease term plus five 5‑year renewal options
- Lease provides fixed 5% rent increases every 5 years during the initial term, then 10% increases at the start of each renewal option period
Property Analytics
Location Intelligence
Current Use by Public Records
CVS Photo
(Bike/Boat/Book/etc) Store
CVS
Cosmetic Store
CVS Pharmacy
Pharmacy
Coinhub Bitcoin ATM ...
Atm
MoneyGram
Bank
Similar For Sale Nearby
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
- Andrea Fugate — 1155 Main St, West Warwick, RI 028934830
- Laura Powers — 1270 Main St, West Warwick, RI 028934808
FAQs
What type of property is this?
Drug store - Newly constructed, single-tenant CVS features a drive-through pharmacy and a large floor plan.
Where is this drug store located?
The property is located at 1270 Main Street West Warwick, RI.
What are key features of this property?
This property features: Newly constructed, single‑tenant net‑leased CVS on Main Street in downtown West Warwick, RI; New CVS opened April 2017 with 25 years remaining on the initial lease term plus five 5‑year renewal options; Lease provides fixed 5% rent increases every 5 years during the initial term, then 10% increases at the start of each renewal option period
