Available Properties
Dollar General – Central Falls, RI
- 400 BROAD ST, CENTRAL FALLS, RI 02863
Listing Broker
Angelo Iacobelli
- angelo@amcreis.com
- (586) 200-0044
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Property Details
- Sale Price:
- Cap rate:
- Term Remaining:
- Lease Type:
- Lease Guarantee:
- $2,098,593
- 7.75%
- 3.8 Years
- NN+
- Credit Rated, Corporate Guarantee
Highlights
- Top 96th Percentile in Rhode Island — Store performance ranks in the top 4% of all locations statewide per Alpha Maps, a proven, high-velocity site.
- Top 78th Percentile Nationwide — Outperforms nearly four of every five Dollar General stores in the country, supporting long-term renewal probability.
- Landlord-Favorable NN+ Lease — Tenant is responsible for HVAC repair and replacement, all common area maintenance, real estate taxes and property insurance.
- No Near-Term CapEx — New roof and resurfaced parking lot delivered in 2015, materially limiting near-term ownership capital exposure.
- Oversized 12,615 SF Building — Substantially larger than the largest DG prototype, positioned on a 0.86-acre parcel with 32 surface parking spaces.
- Full Masonry Construction — Durable block construction with a low long-term maintenance profile and strong residual value.
- Option Exercised — 5-Year Extension — Tenant recently exercised its renewal option and accepted the full 10% rent increase for an additional five years, a clear signal of commitment to the site.
- Investment-Grade Tenant — S&P-rated BBB investment grade with ~$24B market cap and $42.7B FY2025 revenue; 20,000+ stores, in business since 1939.
Sale Description
AMC Real Estate Investment Services is pleased to present the sale of a Dollar General at 400 Broad St, Central Falls, RI 02863. The store ranks in the top 4% statewide and top 22% nationally per Alpha Maps, and the tenant recently exercised its renewal option with a full 10% increase. Offered at $2,098,593, a 7.75% cap on $162,641 NOI, under a landlord-favorable NN+ lease. The oversized 12,615 SF building sits on a 0.86-acre corner parcel with 32 parking spaces and full masonry construction. Contact the brokers for additional details.
Location
Demographics
| Radius from site | population | average income |
|---|---|---|
|
3 Mile |
154,813 |
$90.5k |
|
5 Mile |
302,904 |
$103.6k |
|
10 Mile |
713,835 |
$105.3k |
