650 Branch Ave - Storefront FOR SALE


Providence, RI 02904- Wanskuck
$10,802,238 USD
781-776-4006
650 Branch Ave, Providence, RI for Sale
$10,802,238 USD
Storefront - FOR SALE
1/8
null | 7.25% Cap Rate

650 Branch Ave
Providence, RI 02904
Wanskuck


HIGHLIGHTS

  • Recent Capital Improvements
  • Strong Corporate Anchors
  • Operating Expense Protection
  • Prime Retail Location
  • Proximity To Local Colleges
  • High Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire the Branch Avenue Plaza, a multi-tenant retail center located at 650 Branch Avenue in Providence, Rhode Island (the “Property”). Located in the Wanskuck neighborhood of Providence, the plaza was renovated in 2024 and is improved by a 75,847 square foot building on a large 8.09-acre parcel of land. The Property is 100% leased to nine (9) tenants and is anchored by Dollar General, Oak Street Health (owned by CVS), and USTC (US Taekwondo Complex) with the remainder of the space leased to several local and regional retailers and service tenants that cater to the needs of the area residents. Branch Avenue Plaza offers a stable and secure asset with established tenants and long-term leases that feature scheduled rent increases and expense reimbursements. The Branch Avenue Plaza is well located at the intersection of Branch Avenue and RI Route 146, one of the area’s primary commuter corridors connecting the Wanskuck and Charles neighborhoods with Downtown Providence. The Property enjoys outstanding frontage and visibility from both Branch Avenue and RI Route 146 and is surrounded by densely populated residential neighborhoods that provide a built-in customer base. Branch Avenue Plaza is close to Interstate 95 and US Routes 1 and 44 and is 2.5-miles from Downtown Providence and the Central Business District.

FOR SALE DETAILS

PRICE

$10,802,238 USD

PRICE/SF

$148 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Branch Avenue Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

8.09 AC

LAND SF

352,400 SF

ZONING

-

APN/PARCEL ID

PROV-990506-000000-000000

ASK ABOUT THIS PROPERTY

Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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Matthew NadlerHorvath & TremblayMore Info
781-776-4006

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