Long-Term NNN Walgreens
For Sale
Contact for pricing
385 Cottage St, Pawtucket, RI 02861
True NNN Walgreens lease with guaranteed rent and zero landlord responsibilities.
Property SizeContact for details
Days on Market123
Property Features for 385 Cottage St
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
Deerfield Partners
(888) 353-0441
Listed By:
John Giordani · License #CA 01323433
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 21 at 8:01AM
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 Deerfield Partners
Investment Insights
Based on property information with market context.
A Walgreens drugstore offered for sale with a long-term True NNN lease structure and guaranteed rent. The property is described as a relocation that took place about five years ago, and it is presented as a proven, performing location with an established sales record.
The adjacent parcel includes a newly developed TD Bank. Neighboring retailers listed include Super Stop & Shop, Advance Auto Parts, Dunkin’ Donuts, and Wendy’s. The store is located in Pawtucket, just minutes outside Providence off Route 1, in a dense residential area with more than 28,000 people living within one mile.
The offering is highlighted as a True NNN lease with approximately 20 years of guaranteed rent, with Walgreens corporate credit support identified as a rent guarantee. The remarks also note zero landlord responsibilities for this investment.
The adjacent parcel includes a newly developed TD Bank. Neighboring retailers listed include Super Stop & Shop, Advance Auto Parts, Dunkin’ Donuts, and Wendy’s. The store is located in Pawtucket, just minutes outside Providence off Route 1, in a dense residential area with more than 28,000 people living within one mile.
The offering is highlighted as a True NNN lease with approximately 20 years of guaranteed rent, with Walgreens corporate credit support identified as a rent guarantee. The remarks also note zero landlord responsibilities for this investment.
Key Highlights
- True NNN Walgreens lease with ~20 years guaranteed rent
- Walgreens corporate credit guarantees the rent
- Zero landlord responsibilities under the true NNN lease
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
898
Businesses Nearby
83k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 53%
Dining 29%
Shops & Services 18%
Stop & Shop
Groceries
44,194 visits/mo
0.2 miles
Wendy's
Dining
15,751 visits/mo
0.1 miles
Family Dollar
Shops & Services
9,385 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,055 visits/mo
0.2 miles
O'Reilly Auto Parts
Shops & Services
2,434 visits/mo
0.1 miles
Demographics for 02861, RI
27,833
Population
11,928
Households
2.3
Avg Household Size
40
Median Age
20%
College-Educated
87%
High-School Grad
3.6 sq mi
ZIP Area
7,731
Density / Sq Mi
$83,044
Median Household Income
$47,384
Median Earnings
$1,278
Median Rent
$285,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- SNIPZ BARBER SHOP — 512 Armistice Blvd, Pawtucket, RI 02861
- CVS Pharmacy — 835 Newport Ave, Pawtucket, RI 02861
- CVS — 835 Newport Ave, Pawtucket, RI 02861
- COVID-19 Drive-Thru Testing at Walgreens — 385 Cottage St., Pawtucket, RI 02861
- Amy Lamboy — 835 Newport Ave, Pawtucket, RI 028612641
Frequently Asked Questions
What type of property is this?
Drug store - True NNN Walgreens lease with guaranteed rent and zero landlord responsibilities.
Where is this drug store located?
The property is located at 385 Cottage St Pawtucket, RI.
What are key features of this property?
This property features: True NNN Walgreens lease with ~20 years guaranteed rent; Walgreens corporate credit guarantees the rent; Zero landlord responsibilities under the true NNN lease
