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500 Main Rd
Tiverton, RI 02878
Asking Price
$8.52M
Cap Rate
7%
Asset Type
Pharmacy/Drug Retail
Class
Class B
What's Special
Retail | 7.00% CAP | 17,950 SqFt <p><strong>LONG-TERM LEASES:</strong> CVS has been at this location since 2009 and exercised their first renewal option 10 years early, demonstrating their commitment to the site and the market. CVS has 13+ years remaining on their Lease with five (5), 5-year renewal options. Sakonnet River Grille has been at this location since 2022 and has 6+ years remaining on their Lease with one (1), 5-year renewal option.</p><p></p><p><strong>SCHEDULED RENT INCREASES:</strong> The CVS lease calls for attra
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NOI
$80,000
Cap Rate
0.94%
DSCR
0.16
Underwater
Cash-on-Cash
-16.66%
Monthly Payment
$42,154.567
Annual Cash Flow
$-425,854.808