Prime retail site: The Property is within Dowling Village premier power center (a 600,000 square foot mixed-use development) anchored by Lowe’s, Walmart Supercenter, ALDI Supermarket and Kohl’s. This is North Smithfield’s largest site for commercial development (with a trade area of nearly 190,000 people) featuring cross easements with box tenants and added development potential.
Excellent market location: The Property is 20 minutes from Providence (more than 1.7 million people) and less than one hour from Boston. Interstate 295 runs just south of the town with direct access from nearby North Smithfield Expressway. Over 95,000 people, with an average household income greater than $73,000, live within five miles of the Property.
Quality, long-term investment: This ground lease features no landlord responsibilities and fixed 10 percent rental increases every five years throughout the base term and options. Texas Roadhouse currently operates more than 510 company-owned and franchised restaurants in 49 states, as well as many international locations.