989 Main St - Freestanding FOR SALE


West Warwick, RI 02893
$1,699,000 USD
781-776-4001
989 Main St, West Warwick, RI for Sale
$1,699,000 USD
Freestanding - FOR SALE
1/4
null | 8.41% Cap Rate

989 Main St
West Warwick, RI 02893


HIGHLIGHTS

  • Attractive Rent Increases
  • Minimal Landlord Responsibilities
  • Investment Grade Credit
  • Strategic Retail Location
  • High Traffic Counts
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a freestanding Family Dollar investment property located at 989 Main Street in West Warwick, Rhode Island (the “Property”). Family Dollar has occupied this build-to-suit location since 2017 and has 4+ years remaining on their lease with seven (7), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. Family Dollar is positioned at the intersection of Maple Street, East Main Street, and Main Street (RI Route 115), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage and visibility and is within 1-mile of municipal offices, the West Warwick Civic Center, and several area schools including the West Warwick High School. The Property is surrounded by densely developed residential neighborhoods that provide a built-in customer base. Additionally, The Property is 1.8-miles from RI Route 2 and 3-miles from Interstates 95 and 295. West Warwick is located in central Rhode Island and is approximately 12-miles south of Providence, RI.

FOR SALE DETAILS

PRICE

$1,699,000 USD

PRICE/SF

$202 USD /SF

CAP RATE

8.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.83 AC

LAND SF

36,155 SF

ZONING

-

APN/PARCEL ID

WWAR-000003-000041-000000

ASK ABOUT THIS PROPERTY

Todd TremblayHorvath & TremblayMore Info
781-776-4001

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Todd TremblayHorvath & TremblayMore Info
781-776-4001

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