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Off Market
1/6

342 Power Rd
Pawtucket, RI 02860


OVERVIEW

The subject property is well-positioned in a densely populated section of Pawtucket, Rhode Island. The drug store serves the 19,000+ residents residing in a one mile radius, as well as the 166,000+ residents in a three mile radius. Surround retail in the area consists of shopping centers, national and local tenants, medical centers, and hotels. Major national tenants in the immediate area include: Stop & Shop, Dunkin’ Donuts, Subway, Cumberland Farms and Papa John’s. This Walgreen’s property is located in the epicenter of higher education, with eight college and university campuses located in close proximity. There are an abundance of attractions in downtown Providence, including the Dunkin’ Donuts Center (DDC), New England’s premier multi-use entertainment arena. Home to the AHL Providence Bruins and the Big East Providence College Men’s Basketball team, the 14,000 seat DDC hosts a wide variety of sporting events, concerts, family shows, trade shows and more. Providence, Rhode Island mixes the urban sophistication of a big city with the graceful charm of a small town. Known for its thriving arts scene, Providence is also recognized as one of the nation’s hottest culinary destinations. As the capital of Rhode Island, Providence has a strong government service sector. Other key industries include healthcare, education, logistics, manufacturing, and financial services. Providence is home to eight hospitals, eight institutions of higher learning, and second largest deep-water seaport in New England. Prominent companies headquartered in Providence include Fortune 500 Textron, an advanced technologies industrial conglomerate, and United Natural Foods, a distributor of natural and organic foods, as well as Citizens Banks, the 15th largest bank in the country. In 2017, mayor Jorge Elorza announced major plans to transform Kennedy Plaza from a transportation hub to a public space that would serve as a "true civic heart" of Providence.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

11575

STORIES

1

YEAR BUILT

2008

SPRINKLERS

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PARKING SPACES

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LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

PAWT-000050-000000-001806