615 Metacom Ave - Drug Store FOR SALE


Warren, RI 02885
$3,785,522 USD
203-887-8797
615 Metacom Ave, Warren, RI for Sale
$3,785,522 USD
Drug Store - FOR SALE
1/2
null | 5.65% Cap Rate

615 Metacom Ave
Warren, RI 02885


HIGHLIGHTS

  • Long-term Corporate CVS with Recent Lease Extension | CVS has been operating out of this location since the 1970's
  • Recently Constructed Corporate AutoZone with 20-year Lease | AutoZone opened in 2024 and currently has over 17.5 year of term remaining
  • Large 1.93-Acre Lot with Excellent Access, Visibility, and Traffic | The two buildings sit on a large 1.93-acre lot

OVERVIEW

Surmount is pleased to present the exclusive listing for a CVS & AutoZone located at 615 Metacom Ave, Warren, RI 02885. The site consists of a roughly 7,000 square foot AutoZone and a 12,000 square foot CVS on an estimated 1.93-acre parcel of land. CVS recently extended their lease early by 10 years and has 13.5 years of term remaining, and AutoZone has approximately 17.7 years of term remaining. The current annual rent is $213,882. AutoZone has scheduled increases of 8.00% every 5 years, and CVS has an 8% increase in the first option and 10% increases in options two through five.

FOR SALE DETAILS

PRICE

$3,785,522 USD

PRICE/SF

$315 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS & AutoZone

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

10

APN/PARCEL ID

WARR-000015B-000000-000338

ASK ABOUT THIS PROPERTY

Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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Anthony D'AmbrosiaSurmountMore Info
203-887-8797

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