Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple, 12,086 square foot Walgreens located at 7691 Post Rd, North Kingstown, RI 02852. The property sits on a 3.1-acre lot and boasts an absolute NNN lease with a corporate guarantee from Walgreens Boots Alliance (NASDAQ: WBA), eliminating landlord responsibilities. Built in 1999, this single-story building enjoys 100% occupancy since its lease commencement on May 31, 2008, with the current lease expiring May 31, 2028. The property… benefits from eight lease options, including a 10% rent increase in the next option period, offering significant long-term growth potential. The asking price is $3,484,800, representing a 7.00% cap rate and a current NOI of $243,936. This prime location on a main thoroughfare sees over 17,000 cars daily, benefits from excellent visibility due to a signalized intersection, and is situated in a high-income area with average household incomes exceeding $125,000 within a one-mile radius. Limited competition from other national pharmacies (nearest competitor is 2.5 miles away) further enhances the property's value. Nearby national retailers include Kohl's, O'Reilly's, HomeGoods, Chipotle, and Dunkin', solidifying the area's strong retail presence. The property's proximity to Newport, RI, a highly affluent city, adds to its appeal. This is a rare opportunity to acquire a well-performing, low-maintenance retail investment in a desirable location.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 16 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 10,800 SF
- Lot area
- 3.1 ac
- Year built
- 1999
- Stories
- 1
- APN
- NKIN M:135 B:016
- Zoning
- PR
- Assessed value · 2024
- $3,410,900
- Annual tax · 2024
- $55,529
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
The Post Road district (PR) is established as a mixed use, economic development center. Because of the available infrastructure within the district, development shall be designed to provide a mix of commercial and reside…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Historical Records
- Value Estimation
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- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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