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