Net Leased Dollar Store
For Sale
Contact for pricing
3228 E Main Rd, Portsmouth, RI 02871
Dollar General retail property is offered for sale with a corporate-guaranteed long-term lease.
Days on Market111
Property Features for 3228 E Main Rd
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
22,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Listing Agency:
SRS Real Estate Partners McLean
(202) 286-1542
Listed By:
Andrew Fallon · License #PA RSR006585
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Jul 23 at 8:31AM
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 SRS Real Estate Partners McLean
Investment Insights
Based on property information with market context.
This fee simple retail investment is currently leased to Dollar General under a corporate-guaranteed arrangement. The original 15-year lease includes more than 13 years remaining and three (5-year) extension options, with scheduled rent increases of 3% in lease year 11 and 10% at the beginning of each option period.
The tenant is responsible for CAM, taxes, and insurance, while landlord responsibilities are limited to roof, structure, and the parking lot. The property is positioned along E. Main Road on a primary retail corridor with a large monument sign for visibility and access.
The site is located less than 1 mile east of State Highway 24 and is surrounded by national and regional credit tenants including O’Reilly Auto Parts, Cumberland Farms, Ace Hardware, and Dunkin’. The lease is described as net leased with limited landlord responsibilities, supporting a low-management investment profile.
The tenant is responsible for CAM, taxes, and insurance, while landlord responsibilities are limited to roof, structure, and the parking lot. The property is positioned along E. Main Road on a primary retail corridor with a large monument sign for visibility and access.
The site is located less than 1 mile east of State Highway 24 and is surrounded by national and regional credit tenants including O’Reilly Auto Parts, Cumberland Farms, Ace Hardware, and Dunkin’. The lease is described as net leased with limited landlord responsibilities, supporting a low-management investment profile.
Key Highlights
- Dollar General retail property with corporate‑guaranteed lease by Dollar General, Corp. (S&P: BBB)
- Original 15‑year lease includes 3 (5‑year) options, with 13+ years remaining
- Lease provides a 3% rental increase in lease year 11 and a 10% increase at the start of each option period
Property Analytics
Current Use
Lease Details
22,300 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
116
Businesses Nearby
Explore this area
Business Placement
Demographics for 02871, RI
17,640
Population
8,044
Households
2.2
Avg Household Size
47
Median Age
60%
College-Educated
96%
High-School Grad
17.1 sq mi
ZIP Area
1,032
Density / Sq Mi
$119,135
Median Household Income
$56,615
Median Earnings
$1,577
Median Rent
$539,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Dollar General retail property is offered for sale with a corporate-guaranteed long-term lease.
Where is this retail space located?
The property is located at 3228 E Main Rd Portsmouth, RI.
What are key features of this property?
This property features: Dollar General retail property with corporate‑guaranteed lease by Dollar General, Corp. (S&P: BBB); Original 15‑year lease includes 3 (5‑year) options, with 13+ years remaining; Lease provides a 3% rental increase in lease year 11 and a 10% increase at the start of each option period
