7691 Post Rd

This property offers an absolute NNN lease with zero landlord responsibilities, backed by a corporate guaranty from Walgreens (NASDAQ: WBA). The tenant has operated successfully for more than 20 years, with 3.5+ years remaining on the current lease term and a 10% rental increase in the next option period. Positioned in an affluent market where the average household income within one mile exceeds $125,000, the location benefits from limited competition, with the nearest free-standing national pharmacy over 2.5 miles away. The property sits on a signalized corner with visibility to more than 17,000 vehicles daily along a main thoroughfare leading to Newport, RI—one of the nation’s most affluent cities, just 10 miles away. Surrounding national retailers include Kohl’s, O’Reilly’s, HomeGoods, Chipotle, and Dunkin, further strengthening the retail synergy. Situated on a large 3.10-acre parcel, this asset combines strong tenancy, prime location, and secure cash flow.