PRIME MULTI-TENANT NNN INVESTMENT OPPORTUNITY
Excellent opportunity to acquire a well-established, income-producing commercial complex in West Warwick. Offered at $2,650,000, the property currently generates approximately $207,600 in annual base rent, providing an estimated current cap rate of approximately 7.44%.
One unit is presently available and was previously leased for $1,500 per month. Once leased, projected annual base rent increases to approximately $225,600, producing an estimated stabilized cap rate of approximately 8.51%.
The property contains approximately 13,520 square feet of commercial space on 0.76 acres with ample on-site parking. The established tenant mix includes restaurant, office, fitness, event, service and commercial users, providing diversified income from multiple businesses.
The leases are structured as triple net, with tenants responsible for their respective operating expenses pursuant to their individual lease agreements. This structure provides investors with protection against increases in property taxes, insurance and other operating costs.
Strategically located along Providence Street near the Route 2/Bald Hill Road commercial corridor, Downtown West Warwick and major highway connections. The property offers strong visibility, convenient access and an established commercial location.
Investment Highlights:
• Approximately 7.44% current cap rate
• Approximately 8.51% projected stabilized cap rate
• $207,600 in current annual base rent
• Potential annual base rent of $225,600 at full occupancy
• One available unit offering immediate income upside
• Multi-tenant triple-net lease structure
• Approximately 13,520 square feet
• 0.76-acre site with ample parking
• Diversified mix of established commercial tenants
• Individual 3D Matterport tours available for the tenant spaces
Financial information, lease terms, expense reimbursements and projected returns are based on information supplied by the seller and are subject to buyer verification.