ADVISORY AND TRANSACTIONAL SERVICES FOR SELLERS AND INVESTORS

Aspen Dental – North Smithfield, RI – NN Lease

18 Dowling Village Boulevard
Sold

SALE PRICE: $1,617,874
CAP RATE: 6.49%

PROPERTY HIGHLIGHTS:

  • PRIME RETAIL — Within Dowling Village premier power center (600K SF, mixed-use development) anchored by Lowe’s, Walmart Supercenter & ALDI Supermarket — North Smithfield’s largest site for commercial development (trade area of nearly 190K people) featuring cross easements with box tenants & development potential behind Aspen Dental property site.
  • EXCELLENT LOCATION — 20 minutes from Providence (1.7M+ people) & less than 1 hour from Boston; I-295 runs just south of the town with direct access from nearby North Smithfield Expressway.
  • NATIONAL TENANT — Aspen Dental has over 500 locations in 33 states with nearly 3.7 million patient visits recorded in 2015 alone.
  • QUALITY INVESTMENT — Minimal landlord responsibilities and fixed 10% rental increases every 5 years throughout base term and options.
  • LARGE, DENSE WORKFORCE TRADE AREA — Over 94,000 people, with an average household income of nearly $73K, within five miles of the property.
  • There are no features available

$1,617,874

3,500 SF

Price:

$1,617,874

Cap Rate:

6.25%

Building Size:

3,500 SF

SF Land Area:

1.19 acres

Current NOI:

$105,000

Lease Type:

NN

Remaining Term:

Eight (8) Years

Status:

Closed

CONTACT BROKER

Michael Zimmerman

(919) 391-9901

Michael O'Mara

(617) 239-3616

Download Offering Memorandum
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