Net Leased Dollar Store
3228 E Main Rd Portsmouth, RI 02871
3228 E Main Rd, Portsmouth, RI, 02871
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For Sale
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Dollar General retail property is offered for sale with a corporate-guaranteed long-term lease.
Days on Market103
Property Features for 3228 E Main Rd
General Information
- Standard status
- Active
- Property subtype
- Retail
Listing agency
SRS Real Estate Partners McLean
(202) 286-1542
Listed by
Andrew Fallon · License #PA RSR006585
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 6:16PM Checked: Jul 21 at 6:16PM
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
Location Intelligence
Current Use by Public Records
Dollar General
Discount Store
Western Union
Bank
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FAQs
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
