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Richmond, Rhode Island

1209 Main Street, 02898, Richmond, Rhode Island,

$5640000

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Sold

Richmond, Rhode Island

1209 Main Street, 02898, Richmond, Rhode Island,

$5640000

RICHMOND, RI WALGREENS

  • $7,900,000 in cash flow guaranteed by Walgreens
  • Walgreens ceased operations at this location
  • Loan can be assumed or bought free & clear
  • Non-recourse loan assumption requires $2M down
  • Loan produces $120,000 net income (6% return on cash)
  • Affluent area with Avg HH Income of $84,482
  • Less than 30 miles to Providence, RI
  • This location is immediately off Interstate 95