CBRE is pleased to offer an exceptional opportunity to acquire a single-tenant, absolute net-leased property currently occupied by Walgreens Pharmacy. Built in 2002, this freestanding retail asset encompasses 11,211 square feet on 1.46 acres, and sits along Smith Street, a primary local artery and commercial corridor, and a key connector between downtown Providence - Rhode Island’s State Capital, and the northern neighborhoods. North Providence is home to several colleges, two located within 1 mile of Walgreens: Providence College and Rhode Island College. Walgreens operates on a lease featuring significantly below-market rent and an attractive rent-per-square-foot basis, providing dependable income today while offering clear value-add potential in the future. Walgreens’ lease is backed by a corporate guarantee from Walgreens Co. with 2.5 years remaining, eight (8), 5-year renewal options, and 10% rent increases every ten (10) years.