Property Description
26 Putnam Pike in Johnston, Rhode Island, presents a solid investment in the retail sector as a 10,000 square foot building fully leased to CVS, one of the nation's leading retail pharmacy chains. This property exemplifies a strategic blend of location, tenant stability, and architectural functionality, making it a valuable asset in the retail real estate market.
The building, with its spacious 10,000 square foot layout, is perfectly tailored to meet the needs of a high-traffic retail pharmacy like CVS. The interior is designed to accommodate a wide range of retail activities, from pharmacy services to general merchandise, ensuring a comfortable and efficient shopping experience for customers.
One of the key strengths of 26 Putnam Pike is its location. Situated in a busy and accessible area of Johnston, the property benefits from high visibility and ease of access, factors that are crucial for retail success. The presence of CVS as a tenant highlights the property’s attractiveness to reputable and stable retailers, underscoring its viability as a long-term investment.
The full leasing of the building to CVS also speaks to the property’s appeal in the retail market, offering investors a sense of security and predictability in terms of occupancy and rental income. The partnership with a well-established brand like CVS ensures a steady flow of customers and reinforces the property's standing in the community.
26 Putnam Pike represents an excellent retail property with a reliable tenant, strategic location, and a proven track record of attracting foot traffic. Its combination of a prime location and a strong tenant covenant makes it a standout choice in the Johnston retail real estate landscape.
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Property Details
Property Type
Size
Year Acquired
Retail
10,000 sqft
2018
Property Location
26 Putnam Pike, Johnston, RI, USA