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Walgreens Drive-Through Pharmacy
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342 Power Road, Pawtucket, RI 02860

Remodeled former Rite Aid site with a drive-through and two ingress/egress modes, offering 10% rental increases every ten years.

Property SizeContact for details
Lot Size1.30 Acres
Days on Market123

Property Features for 342 Power Road

General Information

Standard status Active
Lot size 1.30 Acres
Property subtype Retail

Additional Details

Road Access Yes

Building Details

Year Renovated 2013
Tenancy Single
Listing Agency: SURMOUNT
Listed By: Glen Kunofsky · License #NY 49KU1129178
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 22 at 2:15PM

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 SURMOUNT

Investment Insights

Based on property information with market context.

Walgreens Pharmacy at 342 Power Road is a remodeled former Rite Aid site, acquired by Walgreens as part of its Rite Aid property acquisitions in specific markets. The property was remodeled in 2013 as part of Rite Aid’s Wellness Program and includes a large lot with a drive-through configuration and two modes of ingress/egress.

The site is positioned as a neighborhood retail drug store location, and it is surrounded by hundreds of multifamily homes. The offering is described as having 10% rental increases every ten years, as included in the lease terms.

Key Highlights

  • Walgreens‑occupied former Rite Aid site at 342 Power Road in Pawtucket, RI.
  • Remodeled in 2013 as part of Rite Aid’s Wellness Program.
  • 1.3+ acre lot with a drive‑through.

Property Analytics

Current Use

Amazon Locker - Reba Courier Service higi Medical Clinic Dollar Tree Discount Store Matthew Parsons Pharmacy Michael Cipriano Pharmacy

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Plumbing Service Locksmith HVAC Service Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

732
Businesses Nearby
71k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Shops & Services 64% Dining 36%
Dollar Tree Shops & Services
20,931 visits/mo 0.1 miles
Cumberland Farms Shops & Services
18,873 visits/mo 0.4 miles
Dunkin' Donuts Dining
10,383 visits/mo 0.3 miles
El Charro Dining
8,111 visits/mo 0.3 miles
Citizens Bank Shops & Services
5,175 visits/mo 0.4 miles

Demographics for 02860, RI

47,894
Population
21,467
Households
2.2
Avg Household Size
37
Median Age
25%
College-Educated
80%
High-School Grad
5.3 sq mi
ZIP Area
9,037
Density / Sq Mi
$59,954
Median Household Income
$42,038
Median Earnings
$1,112
Median Rent
$287,400
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Similar Off Market Nearby

  • Stop & Shop Pharmacy 1128 Mineral Spring Ave, North Providence, RI 02904
  • COVID-19 Drive-Thru Testing at Walgreens 1074 Mineral Spring Ave, North Providence, RI 02904
  • Walgreens Pharmacy 1074 Mineral Spring Ave, North Providence, RI 02904
  • Sonal Mistry 1128 Mineral Spring Ave, North Providence, RI 029044104
  • Christina Vose 1128 Mineral Spring Ave, North Providence, RI 029044104

Frequently Asked Questions

What type of property is this?
Drug store - Remodeled former Rite Aid site with a drive-through and two ingress/egress modes, offering 10% rental increases every ten years.
Where is this drug store located?
The property is located at 342 Power Road Pawtucket, RI.
What are key features of this property?
This property features: Walgreens‑occupied former Rite Aid site at 342 Power Road in Pawtucket, RI.; Remodeled in 2013 as part of Rite Aid’s Wellness Program.; 1.3+ acre lot with a drive‑through.
(332) 345-4222 Call to check price and availability
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