336 Bald Hill Rd - Fast Food FOR SALE


Warwick, RI 02886
$3,978,495 USD
781-776-4003
336 Bald Hill Rd, Warwick, RI for Sale
$3,978,495 USD
Fast Food - FOR SALE
1/5
null | 4.65% Cap Rate

336 Bald Hill Rd
Warwick, RI 02886


HIGHLIGHTS

  • New Construction Ground Lease
  • Rare & Attractive Rent Increases
  • Zero Management Responsibilities
  • Dynamic Tenant
  • Prime Retail Location
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a new construction Raising Cane’s located at 336 Bald Hill Road in Warwick, Rhode Island (the “Property”). The free-standing single tenant Raising Cane’s consists of a 3,286 square foot building with a drive thru. Raising Cane’s has a new 15-year Absolute NNN Ground Lease with five (5), five-year renewal options. The lease calls for attractive 10% increases every 5-years throughout the primary lease term and at the start of each renewal option. The Property is currently under construction and has an anticipated rent commencement date of November 1, 2024. The new construction Raising Cane’s is extremely well located at the signalized intersection of Bald Hill Road (RI Route 2), the region’s primary retail corridor, and W Natick Road (RI Route 5), a primary commuter corridor. The Property enjoys outstanding visibility, frontage and access and 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

$3,978,495 USD

PRICE/SF

$1,211 USD /SF

CAP RATE

4.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

1.02 AC

LAND SF

44,431 SF

ZONING

GB

APN/PARCEL ID

-

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.