630 Metacom Ave - Freestanding FOR SALE


Warren, RI 02885
$1,000,000 USD
201-777-5002
630 Metacom Ave, Warren, RI for Sale
$1,000,000 USD
Freestanding - FOR SALE
1/5
null | 6.94% Cap Rate

630 Metacom Ave
Warren, RI 02885


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Dynamic Tenants
  • Prime Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant building located at 630 Metacom Avenue in Warren, Rhode Island (the “Property”). The two-tenant building is fully leased to AT&T and Liberty Tax and contains 2,657 square feet. AT&T has been at this location since 2017 and has 5+ years remaining on their lease with two (2), 5-year renewal options. Liberty Tax has also been at this location since 2017 and has 2+ years remaining on their lease. Both tenants’ leases provide attractive rent increases. The Property is well situated at the signalized intersection of Seymour Street and Metacom Avenue (RI Route 136), one of the area’s primary commercial and commuter corridors. The Property is surrounded by densely populated residential neighborhoods providing a captive customer base and is close to Main Street (RI Route 114) which provides direct access to Newport, and convenient to US Route 6 and Interstate 195, which connect with Providence. The Property is close to historic Downtown Waren, municipal buildings, and area retailers and restaurants. Additionally, the Property is 5-miles from Roger Williams University.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$348 USD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

AT&T & Liberty Tax

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

-

APN/PARCEL ID

WARR-000013D-000000-000422

ASK ABOUT THIS PROPERTY

Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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Rob DiFrancoHorvath & TremblayMore Info
201-777-5002

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