Net-Leased CVS with
For Sale
Contact for pricing
Pending
1270 Main Street, West Warwick, RI 02893
Newly constructed, single-tenant CVS features a drive-through pharmacy and a large floor plan.
Property SizeContact for details
Lot Size2.10 Acres
Days on Market149
Property Features for 1270 Main Street
General Information
Standard status
Pending
Lot size
2.10 Acres
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
2017
Tenancy
Single
Listing Agency:
Horvath & Tremblay
Listed By:
Todd Tremblay · License #MA 9504145
Source:
Crexi
Added: Apr 10
Changed: Aug 24
Last Checked: Sep 4 at 4:42PM
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 Horvath & Tremblay
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
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
579
Businesses Nearby
38k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Groceries 25%
Dining 5%
Dollar Tree
Shops & Services
10,691 visits/mo
0.2 miles
Jerry's Supermarket IGA
Groceries
9,410 visits/mo
0.3 miles
Shell
Shops & Services
8,674 visits/mo
0.2 miles
Cumberland Farms
Shops & Services
6,849 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
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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 - 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
