480 Atwood Ave - Freestanding FOR SALE
Cranston, RI 02920 |
$1,443,750 USD
513-300-0763
480 Atwood Ave
Cranston, RI 02920
HIGHLIGHTS
- Providence MSA – With nearly 83,000 residents, Cranston is the second largest city in the state of Rhode Island and is located just outside of the hea
- Strong Investment Grade Credit Tenant – This is a corporate-backed lease with an S&P investment credit rating of BBB and Moody’s Baa2. D
- New Roof – The roof of this location was just replaced in October of 2023 and will carry a 15 year warranty.
- Limited Responsibilities – Under the lease, unlike many other Family Dollar/ Dollar Tree leases. Family Dollar is required to maintain and replace the
- Long Term Lease – There are ±4 years remaining on the initial 10 year term.
- Net Lease – This lease requires minimal landlord responsibilities, ideal for an investor looking for a passive and secure stream of income.
FOR SALE DETAILS
PRICE
$1,443,750 USD
PRICE/SF
$172 USD /SF
CAP RATE
8%
% 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
2018
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
B3
APN/PARCEL ID
CRAN-000012-000003-002128
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513-300-0763
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513-300-0763
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