Home Depot Shadow 670-720 Centre of New England Blvd 17,340 SF 92% Leased Retail Building Coventry, RI 02816 $8,008,448 CAD ($461.85 CAD/SF) 6.25% Cap Rate

Anchor Net Lease is pleased to present 670 & 720 Centre of New England Boulevard, two adjacent shopping centers totaling 17,340 square feet. This offering provides a rare opportunity to acquire a 92% leased retail asset strategically positioned within one of Rhode Island’s fastest-growing trade areas.
 
The properties are located along Centre of New England Boulevard, within the well-established Centre of New England 4+ million square foot mixed-use development. The site benefits from exceptional visibility and accessibility, positioned between two interchanges along Interstate 95, which sees traffic counts exceeding 71,000 vehicles per day. Located 15 miles south of downtown Providence, 15 minutes from Rhode Island T.F. Green International Airport and situated between two Interstate 95 interchanges, the Centre of New England provides convenient access for both regional and national visitors. The Property’s location also provides commuter access to Newport, Rhode Island; one of the state's major employers and resort hubs.
 
The Centre of New England features a strong lineup of national retailers, including Walmart, The Home Depot, BJ’s Wholesale Club, Cracker Barrel, McDonald’s, Wendy’s, and others. The surrounding area is poised for significant growth, with over 712 new residential units currently under development. These projects will further enhance the area’s already strong demographics, which include a population of over 90,000 and an average household income of $132,417 within a 5-mile radius.