444 Quaker Ln - Medical FOR SALE
Warwick, RI 02886 |
$3,304,852 USD
332-345-4222
444 Quaker Ln
Warwick, RI 02886
HIGHLIGHTS
- Long Term Occupancy and Commitment to This Site | Koch Eye Associates has been at this location for over 20 years
- Favorable Rental Increases | The lease calls for 1.75% annual rental increases throughout the base term and the option period
- NNN Investment | Limited Landlord Responsibility | The landlord is only responsible for the structure of the property
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a ST James Surgery Center located at 444 Quaker Lane, Warwick, Rhode Island 02886. The site consists of roughly 6800 rentable square feet of building space on an estimated 0.86-acre parcel of land. This ST James Surgery Center is subject to a 28-year Triple Net (NNN) lease, which commenced 11/1/2004. The current annual rent is $223,078 and has scheduled increases of 1.75% Annually.
FOR SALE DETAILS
PRICE
$3,304,852 USD
PRICE/SF
$486 USD /SF
CAP RATE
6.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
St James Surgery Center
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
67
LAND DETAILS
LAND ACRES
0.86 AC
LAND SF
37,662 SF
ZONING
N/A
APN/PARCEL ID
WARW-000230-000001-000001
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332-345-4222
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332-345-4222
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