Dollar General NNN
For Sale
Contact for pricing
400 BROAD ST, Central Falls, RI 02863
Dollar General occupies a masonry building under an NN+ lease with a recently exercised renewal option.
Property Size12,615 SF
Lot Size0.86 Acres
Price / SF$166.36
Days on Market63
Property Features for 400 BROAD ST
General Information
Standard status
Active
Size
12,615 SF
Total Parking Spaces
32
Lot size
0.86 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Net Operating Income
$162,641
Financials
Asking Price
$2,098,593
Cap Rate
7.75%
Additional Details
Corner Location
Yes
Building Details
Year Built
1948
Year Renovated
2015
Stories
1
Units
1
Tenancy
Single
Construction
masonry
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #B200300608
(888) 737-2264
Source:
Crexi
Added: Aug 4
Changed: Oct 4
Last Checked: Oct 4 at 9:29AM
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 Bang Realty
Investment Insights
Based on property information with market context.
The property is a Dollar General store at 400 Broad St in Central Falls, Rhode Island. The 12,615-square-foot building was constructed in 1948 and features full masonry construction. It occupies a 0.86-acre corner parcel with 32 parking spaces, providing an established retail format and dedicated on-site parking.
The tenancy is governed by an NN+ lease, and the tenant recently exercised a renewal option that included a 10% increase. Alpha Maps ranks the store in the top 4% statewide and top 22% nationally. The property is offered as a single-tenant retail asset with an existing operating occupant.
The tenancy is governed by an NN+ lease, and the tenant recently exercised a renewal option that included a 10% increase. Alpha Maps ranks the store in the top 4% statewide and top 22% nationally. The property is offered as a single-tenant retail asset with an existing operating occupant.
Key Highlights
- Dollar General tenant at 400 Broad St, Central Falls, RI 02863
- 12,615 SF building constructed in 1948
- 0.86‑acre corner parcel with 32 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$152,795
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,055,900
$3.1M
Cap Rate 7%
$2,182,786
$2.2M
Cap Rate 9%
$1,697,722
$1.7M
Market Conditions
NOI Build-Up for 12,615 SF
Gross rent
$227.1K $18.00/SF
− Vacancy
−$23.3K −$1.85/SF
EGI
$203.7K $16.15/SF
− OpEx
−$50.9K −$4.04/SF
NOI
$152.8K $12.11/SF
Area
Providence County, RI
Vacancy
10.28%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,055,900
Cap Rate 7%
$2,182,786
Cap Rate 9%
$1,697,722
Alternative Uses
Best Use
Specialty Retail
$2.18M
$1.91M – $2.55M
NOI $152,795 @ 7.0% cap · market cap 7.28%
Second Best
Retail
$2.03M
$1.78M – $2.37M
NOI $142,418 @ 7.0% cap · market cap 6.79%
Theoretical Best
Multifamily LT 5
$3.00M
$2.63M – $3.50M
NOI $210,046 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,552
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 95%
Groceries 5%
Cumberland Farms
Shops & Services
12,376 visits/mo
0.0 miles
Family Dollar
Shops & Services
6,135 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
2,177 visits/mo
0.4 miles
Mi Pueblo Food Center
Groceries
1,012 visits/mo
0.5 miles
Demographics for 02863, RI
22,596
Population
8,341
Households
2.7
Avg Household Size
32
Median Age
12%
College-Educated
60%
High-School Grad
1.2 sq mi
ZIP Area
18,830
Density / Sq Mi
$45,921
Median Household Income
$30,050
Median Earnings
$1,118
Median Rent
$300,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
NNN property - Dollar General occupies a masonry building under an NN+ lease with a recently exercised renewal option.
Where is this nnn property located?
The property is located at 400 BROAD ST Central Falls, RI.
What is the asking price?
The asking price for this property is $2,098,593.
What are key features of this property?
This property features: Dollar General tenant at 400 Broad St, Central Falls, RI 02863; 12,615 SF building constructed in 1948; 0.86‑acre corner parcel with 32 parking spaces
