333 Atwells Ave - Storefront Retail/Residential CONDO FOR SALE


Providence, RI 02903- Federal Hill
$4,827,587 USD
781-776-4001
333 Atwells Ave, Providence, RI for Sale
$4,827,587 USD
Storefront Retail/Residential CONDO - FOR SALE
1/9
null | 7.25% Cap Rate

333 Atwells Ave
Providence, RI 02903
Federal Hill


HIGHLIGHTS

  • Long Term Lease
  • Corporate Lease
  • Proximity to Area Colleges
  • Zero Management Responsibilities
  • Strategic Retail Location
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium interest in a single-tenant, absolute triple-net leased Walgreens located at 333 Atwells Avenue in Providence, Rhode Island (the “Property”). Walgreens has occupied this Property since it was constructed in 2007 and they have 7+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. Located in the Federal Hill neighborhood of Providence, Walgreens is positioned along Atwells Avenue, one of the area’s primary commercial corridors and is a short walk from Broadway and Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities, all of which drive traffic to the area. Adding to the area’s appeal is the proximity to a robust employment market and densely populated residential neighborhoods that provide a built-in customer base. The Property is also convenient to US Routes 6 and 1 and Interstates 95 and 195. Walgreens offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.

FOR SALE DETAILS

PRICE

$4,827,587 USD

PRICE/SF

$342 USD /SF

CAP RATE

7.25%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

20,000 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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Todd TremblayHorvath & TremblayMore Info
781-776-4001

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.