1225 Division St st - Retail FOR SALE


East Greenwich, RI 02818
$4,735,783 USD
508-272-0585
1225 Division St st, East Greenwich, RI for Sale
$4,735,783 USD
Retail - FOR SALE
1/3
null | 4.15% Cap Rate

1225 Division St st
East Greenwich, RI 02818


HIGHLIGHTS

  • NEW CONSTRUCTION NNN GROUND LEASE
  • LONG-TERM, PREDICTABLE CASH FLOW
  • PREMIER RETAIL CORRIDOR – ROUTE 2
  • EXCEPTIONAL DEMOGRAPHICS IN A HIGH-BARRIER MARKET
  • TOP-PERFORMING NATIONAL QSR OPERATOR (DOUBLE DRIVE-THRU)
  • TOP-PERFORMING NATIONAL QSR OPERATOR (DOUBLE DRIVE-THRU)

OVERVIEW

Atlantic Capital Partners is pleased to present a brand new Chick-fil-A ground lease at 1225 Division Street in Warwick, Rhode Island. The newly constructed modern prototype sits directly on Route 2, one of the Providence MSA’s most established and high-performing retail corridors, surrounded by major national anchors including Walmart, Home Depot, Kohl’s, Stop & Shop, Tesla, and Showcase Cinemas. The site benefits from exceptional regional connectivity with immediate access to both I-95 and Route 4, the primary gateway to Rhode Island’s South County beaches and a significant driver of peak seasonal traffic. The property is also positioned at the border of East Greenwich, one of the wealthiest communities in the state, further enhancing the trade area’s spending power and long-term retail stability. The asset features a 20 year corporate guaranteed ground lease with Chick-fil-A, Inc., including six 5 year renewal options and ten percent rent increases every five years. With zero landlord responsibilities, the lease structure provides passive, predictable income backed by one of the nation’s strongest QSR operators. The location is further strengthened by its adjacency to a highly successful Starbucks and Chipotle, reinforcing the corridor’s status as a premier daily needs and restaurant destination. Warwick remains one of Rhode Island’s most desirable suburban markets, offering average household incomes above one hundred and five thousand dollars within three miles and more than one hundred fourteen thousand residents within five miles. Combining best in class tenancy, premier real estate fundamentals, and exceptional market demographics, this offering represents a rare opportunity to acquire a top tier Chick-fil-A in a high barrier and supply constrained New England market.

FOR SALE DETAILS

PRICE

$4,735,783 USD

PRICE/SF

$911 USD /SF

CAP RATE

4.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chick-fil-A - Warwick, RI

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.75 AC

LAND SF

76,230 SF

ZONING

-

APN/PARCEL ID

WARW-000215-000029-000000

ASK ABOUT THIS PROPERTY

Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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Eric SuffolettoAtlantic Capital PartnersMore Info
508-272-0585

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