SALE PRICE: $1,762,500
CAP RATE: 5.11%
- 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 near the 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 — Firestone is the leading provider of maintenance, repairs and tires with over 1,700 locations nationwide in 40 states.
- QUALITY INVESTMENT — 20-year ground lease with zero landlord obligations; rent increases 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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