Published on: Friday, August 16, 2024
Updated on: Friday, August 16, 2024
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About the Lister
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Name: Eric Vu
Company: Anchor Point Capital
Office Phone:  949.667.1077
Cell Phone:  949.667.1077
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Financing  Business  Material
  Walgreens
7691 Post Rd North Kingstown Rhode Island , 02852
7691 Post Rd North Kingstown Rhode Island , 02852Anchor Point Capital
Listing ID: CL-Rhode Island-1137

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7
Net Operating Income: $243,936
Commission Split (%): 0
Quick Glance
Listing ID: CL-Rhode Island-1137
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1999
Building Size: 12,086.00 SqFt
Lot Size: N/A
No of Stories: 1
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
STNL Walgreens | Affluent Market | Providence MSA, RI. Convenience Store, Grocery Store, Pharmacy/Drug
Complete Details
Year Build: 1999
Building Size: 12,086 SqFt.
No of Stories: 1
Total Lot Area: N/A SqFt.
No of Parking: N/A
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 100%
Full Description
Additional Properties
Property Highlights
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Corporate Guaranty (NASDAQ: WBA)
  • Over 20+ Years of Pharmacy Operational History
  • 10% Rental Increase in the Next Option Period (3.5+ Years Remaining)
  • Affluent Market; Average Household Income within 1 Mile Exceeds $125,000
  • Limited Competition; Nearest free-standing National Pharmacy is 2.5 miles away
  • Signalized Location with Visibility to over 17,000 Cars per Day
  • Located on Main Thoroughfare to Newport, RI, one of the most Affluent Cities in the Nation (10 Miles from Subject Property)
  • Nearby National Retailers Include Kohl’s, O’Reilly’s, HomeGoods, Chipotle, Dunkin
  • Large Oversized Parcel; 3.10 AC
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0
$0
$0
$243,936
$0
0%
Cash Flow for Current Listings
Listing Location
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