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Jones Lang Lasalle America’s, Inc. (“JLL”) is pleased to offer for sale the fee simple interest in a corporate NN Lease CVS Pharmacy (the “Property” or “Asset”) in Pawtucket, Rhode Island. The Property is in the Providence metropolitan statistical area (“MSA”), the third largest MSA in New England, is ideally situated just off the heavily trafficked Interstate 95 within a dense nearby residential population and strategically shares a parking lot with Oak Hill Medical Building.
Recently extended with 11 years of remaining primary term, investors will enjoy long-term stability and downside protection attributable to the below-market rental rate in place with a committed, investment grade Tenant providing essential products and services.
- Corporate guaranty from CVS - an investment grade, industry leader that dominates the local Providence MSA
- Recently-extended long-term lease at below market rental rate
- Highly visible location just off Interstate 95 (112,400 vehicles per day)
- Dense surrounding population of 350,000 residents within 5-mile radius