400 Broad St - R&D FOR SALE


Central Falls, RI 02863
$2,098,593 USD
586-718-7011
400 Broad St, Central Falls, RI for Sale
$2,098,593 USD
R&D - FOR SALE
1/11
null | 7.75% Cap Rate

400 Broad St
Central Falls, RI 02863


HIGHLIGHTS

  • Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site.
  • Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
  • Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insu
  • Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
  • Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five year
  • Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.

OVERVIEW

Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site. Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability. Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insurance. No Near-Term CapEx — New roof and resurfaced parking lot delivered in 2015, materially limiting near-term ownership capital exposure. Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces. Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value. Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five years, a clear signal of commitment to the site. Investment-Grade Tenant — S&P-rated BBB investment grade with ~$24B market cap and $42.7B FY2025 revenue; 20,000+ stores, in business since 1939.

FOR SALE DETAILS

PRICE

$2,098,593 USD

PRICE/SF

$175 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dollar General | Central Falls, RI | NN+

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

R&D

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.86

LAND SF

37,444

ZONING

C-2

APN/PARCEL ID

CENT-000005-000000-000059

ASK ABOUT THIS PROPERTY

Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

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

Angelo IacobelliAMC Real Estate Investment ServicesMore Info
586-718-7011

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