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Freestanding Walgreens Drug Store
For Sale
Contact for pricing

600 Warren Ave, East Providence, RI 02914

Leasehold interest with an absolute NNN structure and no landlord responsibilities.

Property SizeContact for details
Days on Market145

Property Features for 600 Warren Ave

General Information

Standard status Active
Property subtype Retail
Listing Agency: CBRE - Detroit
Listed By: Peter Furest · License #NY 10401232530
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 29 at 1:20PM

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 CBRE - Detroit

Investment Insights

Based on property information with market context.

The offering consists of a leasehold interest in a freestanding Walgreens drug store at 600 Warren Ave in East Providence, Rhode Island. The property is operated under an absolute NNN lease, with no landlord responsibilities identified in the lease structure and more than 14.2 years remaining on the term.

The site is positioned alongside Interstate 195 and records traffic exceeding 120,000 VPD. Its East Providence location places the asset within the Providence, RI MSA and Providence County market. Walgreens Co. is identified as the tenant, with a ‘BBB’/Stable credit rating from Standard & Poor’s and a NASDAQ listing under WBA.

Key Highlights

  • Freestanding Walgreens drug store at 600 Warren Ave, East Providence, RI 02914
  • Leasehold interest offered for sale
  • Absolute NNN lease structure with no landlord responsibilities

Property Analytics

Current Use

Western Union Bank Dollar Tree Discount Store Cardtronics Atm Joseph Delsesto Pharmacy Anthony Trask Pharmacy

Suggested Use

Top Pick Parking Lot & Garage Locksmith Veterinary Clinic (Bike/Boat/Book/etc) Store Electrical Service Cosmetic Store

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

Location Intelligence

Trade Area within ½ mile

724
Businesses Nearby
Well-served
Demand for This Use

Demographics for 02914, RI

22,140
Population
10,082
Households
2.2
Avg Household Size
43
Median Age
25%
College-Educated
82%
High-School Grad
4.9 sq mi
ZIP Area
4,518
Density / Sq Mi
$60,838
Median Household Income
$43,696
Median Earnings
$1,165
Median Rent
$309,600
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
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Similar Off Market Nearby

  • Isotonix Vitamins 73 Brightridge Ave, East Providence, RI 02914, United States
  • Joseph Delsesto 600 Warren Ave, East Providence, RI 029142808
  • Anthony Trask 600 Warren Ave, East Providence, RI 029142808
  • Walgreens Pharmacy 655 Warren Ave, East Providence, RI 02914
  • CVS 640 Warren Ave, East Providence, RI 02914

Frequently Asked Questions

What type of property is this?
Drug store - Leasehold interest with an absolute NNN structure and no landlord responsibilities.
Where is this drug store located?
The property is located at 600 Warren Ave East Providence, RI.
What are key features of this property?
This property features: Freestanding Walgreens drug store at 600 Warren Ave, East Providence, RI 02914; Leasehold interest offered for sale; Absolute NNN lease structure with no landlord responsibilities
More about this property
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