333 Atwells Ave
Providence, RI 02903 Federal Hill

• Unit Size: 14,116 SF
• Condo Use: Retail
• Price: $4,375,000 USD
• Sale Type: Investment
• Price/SF: $309.93 USD

Description

Walgreens has occupied this Property since it was constructed in 2007 and they have 7+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options.

Sale Notes

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple condominium interest in a single-tenant, absolute triple-net leased Walgreens located at 333 Atwells Avenue in Providence, Rhode Island (the “Property”). Walgreens has occupied this Property since it was constructed in 2007 and they have 7+ years remaining on an absolute triple-net lease with fifty (50), 1-year renewal options. Located in the Federal Hill neighborhood of Providence, Walgreens is positioned along Atwells Avenue, one of the area’s primary commercial corridors and is a short walk from Broadway and Providence’s Central Business District. The Property offers convenient access to abundant dining, retail, and nightlife options, and several colleges and universities, all of which drive traffic to the area. Adding to the area’s appeal is the proximity to a robust employment market and densely populated residential neighborhoods that provide a built-in customer base. The Property is also convenient to US Routes 6 and 1 and Interstates 95 and 195. Walgreens offers the opportunity to acquire a well-located asset in one of the strongest real estate markets in a region that is poised for future growth.