Servicer Sale: Former Walgreens (North Smithfield, RI)

Highlights:

• ±60,000 VPD on Eddie Dowling Highway: Premier northern Rhode Island retail corridor with exceptional visibility and daily traffic counts.
• Modern 2014-Built Former Walgreens Site: 11,552 SF building with drive-thru, pylon signage, mezzanine space, and strong curb appeal.
• ±1.96-Acre Site with 53 Parking Spaces: BH-zoned parcel suited for retail, medical, or service-oriented users seeking high-visibility sites.
• Surrounded by National Retail Tenants: Walmart, Aldi, Lowe's, Home Depot, Planet Fitness, and CVS anchor the surrounding retail corridor.
• Route-146A and I-295 Highway Access: Regional connectivity to Providence and southern Massachusetts supports a broad consumer draw.
• 96,000+ Residents, $106K+ Avg Income: Strong five-mile trade area demographics with average household incomes exceeding $106,000 annually.

Description:

More information: https://rimarketplace.com/auction/3155/retail/n-smithfield/ri

RealINSIGHT Marketplace, in partnership with Frontline Real Estate Partners, is pleased to present 1 Eddie Dowling Highway, an 11,552 SF former Walgreens offered via REO auction in North Smithfield, Rhode Island. Constructed in 2014, the property sits on a ±1.96-acre parcel zoned BH with 53 surface parking spaces, a drive-thru, pylon signage, and second-floor mezzanine space. The building is well suited for retail, medical, or service-oriented users seeking strong access, convenience, and brand exposure along one of northern Rhode Island's most active retail corridors. Eddie Dowling Highway sees approximately 60,000 vehicles per day, and the surrounding area includes a dense concentration of national retailers — Walmart Supercenter, Aldi, Lowe's, Home Depot, Planet Fitness, CVS, McDonald's, Panera Bread, and Dunkin' — reinforcing the corridor's position as a dominant regional shopping destination. With convenient access to Route-146A and Interstate-295, more than 96,000 residents within five miles, and average household incomes exceeding $106,000, the property offers a compelling opportunity for owner-users or value-add investors in a thriving suburban market.