385 Cottage St Pawtucket, RI 02861

Listing agency Deerfield Partners Show Phone

Listed by John Giordani · License #CA 01323433

Source Crexi

Added: Apr 10 Updated: Jul 21 at 8:01AM Checked: Jul 21 at 8:01AM

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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.

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

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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

FAQs

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