300 Quaker Ln - Retail FOR SALE


Warwick, RI 02886- Warwick/West Warwick
$16,358,620 USD
781-776-4003
300 Quaker Ln, Warwick, RI for Sale
$16,358,620 USD
Retail - FOR SALE
1/8
null | 7.25% Cap Rate

300 Quaker Ln
Warwick, RI 02886
Warwick/West Warwick


HIGHLIGHTS

  • Long Term Leases
  • Attractive Rent Increases
  • Minimal Management Responsibilities
  • Strong Tenants
  • Premier Retail Location
  • Excellent Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a two-tenant investment property located in the heart of Warwick’s premier retail corridor at 300 Quaker Lane in Warwick, Rhode Island (the “Property”). The Property 99,480 square foot building is 100% leased to Floor & Décor and Urban Air Adventure Park. Floor & Décor has 14+ years remaining on their Lease with six (6), 5-year renewal options. Urban Air Adventure Park has a 10-year lease with two (2), 5-year renewal options. Urban Air Adventure Park is under construction, their rent is scheduled to commence in April 2025. Floor & Décor and Urban Air Adventure Park are located along the perimeter of Cowesett Corners, a large Stop & Shop anchored shopping center positioned at the signalized intersection of Cowesett Road and Quaker Lane (RI Route 2), the region’s primary retail corridor. The Property is part of a dominant trade area that is home to countless national retailers and restaurants, the Warwick Mall, Kent County Memorial Hospital, TF Green Airport, and major roadways including US Route 1 and Interstates 95 and 295, all of which drive traffic to the area. Additionally, the Property is within minutes of several area schools, multiple nationally branded hotel/motels, and is surrounded by densely populated residential neighborhoods providing a built-in customer base.

FOR SALE DETAILS

PRICE

$16,358,620 USD

PRICE/SF

$163 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Floor & Decor & Urban Air

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

412

LAND DETAILS

LAND ACRES

6.88 AC

LAND SF

299,693 SF

ZONING

GB

APN/PARCEL ID

WARW-000240-000016-000000

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.