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11 Dowling Village BlvdNorth Smithfield, RI 02896
Aldi | North Smithfield, RI
Asset ClassRetail
Aldi | Corporate Ground Lease | Rare New England Offering | $3.25M
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of Aldi | North Smithfield, RI. This 15,000 SF asset has been leased by Aldi since 2013, and their base term expires 10/31/2033. The Asset is well positioned on a major thoroughfare in the Providence, RI MSA.

 

Situated at 11 Dowling Village Blvd, North Smithfield, RI, Aldi is currently paying $170,500 annually, and the lease includes six, five (5) year options with 10% rental increase for each option. Aldi will be paying $187,550 in the first option period on 11/01/2033 and $206,305 in their second option period on 11/01/2038.

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11 Dowling Village BlvdNorth Smithfield, RI 02896

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