Single-Tenant Drugstore Net
For Sale
Contact for pricing
1993 Plainfield Pike, Johnston, RI 02919
CVS drugstore offered for sale under an absolute net lease with 17 years remaining.
Property SizeContact for details
Days on Market124
Property Features for 1993 Plainfield Pike
General Information
Standard status
Active
Property subtype
Retail
Site & Location
Traffic Count
30,452 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Pharma Property Group
(619) 297-0055
Listed By:
Jason Pongsrikul · License #CA 01918332
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 9:29PM
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 is a single-tenant CVS drugstore offered for sale on an absolute net lease structure. The lease has 17 years remaining, with ten (10) additional five-year options. Rental increases are 2.5% in each of the ten option periods, and the lease is described as having no landlord responsibilities. The offering is also described as being delivered free and clear of debt, with no rent holiday included in the lease terms.
The property is located at 1993 Plainfield Pike in Johnston, RI. Public remarks state the site is approximately eight miles southwest of Providence and is near the Providence Beltway (Interstate 295), about two miles east, with traffic counts cited for Plainfield Pike and Interstate 295.
CVS extended the lease at this location in 2019 for a fresh 20-year term, per the provided remarks. Public information also references industrial and office space across the street and a nearby tenant mix that includes Frito-Lay Inc., Cadence Electronic Designs, and XOP Logistics.
The property is located at 1993 Plainfield Pike in Johnston, RI. Public remarks state the site is approximately eight miles southwest of Providence and is near the Providence Beltway (Interstate 295), about two miles east, with traffic counts cited for Plainfield Pike and Interstate 295.
CVS extended the lease at this location in 2019 for a fresh 20-year term, per the provided remarks. Public information also references industrial and office space across the street and a nearby tenant mix that includes Frito-Lay Inc., Cadence Electronic Designs, and XOP Logistics.
Key Highlights
- CVS drugstore for sale under an absolute net lease with 17 years remaining
- Lease is guaranteed by CVS Corporation; includes ten (5‑year) options with 2.5% rental increases each
- No landlord responsibilities; delivered free and clear of debt
Property Analytics
Property Profile
Current Use
Lease Details
30,452 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
188k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 66%
Shops & Services 17%
Dining 15%
Home Improvements & Furnishings 2%
Walmart
Superstores
123,530 visits/mo
0.3 miles
McDonald's
Dining
28,874 visits/mo
0.3 miles
Dollar Tree
Shops & Services
11,306 visits/mo
0.2 miles
Speedway
Shops & Services
9,764 visits/mo
0.3 miles
Citizens Bank
Shops & Services
7,438 visits/mo
0.3 miles
Demographics for 02919, RI
29,473
Population
11,993
Households
2.5
Avg Household Size
45
Median Age
29%
College-Educated
91%
High-School Grad
23.5 sq mi
ZIP Area
1,254
Density / Sq Mi
$87,811
Median Household Income
$56,068
Median Earnings
$1,259
Median Rent
$326,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Rotech Healthcare — 31 Western Industrial Dr, Cranston, RI 02921
- CVS — 1993 Plainfield Pike, Johnston, RI 02919
- CVS Pharmacy — 1993 Plainfield Pike, Johnston, RI 02919
- Paul Rainville — 1993 Plainfield Pike, Johnston, RI 029195707
- Anh Nguyen — 1993 Plainfield Pike, Johnston, RI 029195707
Frequently Asked Questions
What type of property is this?
Drug store - CVS drugstore offered for sale under an absolute net lease with 17 years remaining.
Where is this drug store located?
The property is located at 1993 Plainfield Pike Johnston, RI.
What are key features of this property?
This property features: CVS drugstore for sale under an absolute net lease with 17 years remaining; Lease is guaranteed by CVS Corporation; includes ten (5‑year) options with 2.5% rental increases each; No landlord responsibilities; delivered free and clear of debt
