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Retail Building - 2 Units 1131 Warwick Ave

4,192 SF 52% Leased Retail Building Warwick, RI 02888 £763,717 (£182/SF) 12.58% Net Initial Yield

Investment Highlights

  • Credit Tenant Not Operating at This Location
  • Signalized, Hard Corner Intersection | Near Interstate 95 | Residential Consumer Base | Excellent Visibility & Access
  • NNN Lease
  • Annual Rent Increases, Leased Through 2026

Executive Summary

2 Units
Retail Building with 25 Parking Spaces.
High traffic count, busy intersection on a corner lot with a traffic light.
Terrific signage opportunities.

Attachments

24-05 1131 Warwick Avenue - Stamped Drawings 032024
1131 Warwick Avenue - Financials

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,192 SF
Building Class
C
Year Built
1989
Price
£763,717
Price Per SF
£182
Net Initial Yield
12.58%
NOI
£96,078
Percent Leased
52%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.22
Lot Size
0.43 AC
Zoning
Commercial
Parking
25 Spaces (5.96 Spaces per 1,000 SF Leased)

Amenities

  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 2
  • 2,000 SF
  • Office/Retail
  • -
  • Now

Former Medical Office, available for NNN Lease for medical office, office, or retail / fast food.

Space Size Space Use Position Available
2 2,000 SF Office/Retail - Now

2

Size
2,000 SF
Space Use
Office/Retail
Position
-
Available
Now

2

Size 2,000 SF
Space Use Office/Retail
Position -
Available Now

Former Medical Office, available for NNN Lease for medical office, office, or retail / fast food.

Links

1 of 1
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Planet Fitness
Newport Creamery LLC
Washington Trust Bank
Five Guys
D'angelo Grilled Sandwiches
Starbucks
Citizens Bank
Bank of America

PROPERTY TAXES

Parcel Number WARW-000300-000001-000000 Improvements Assessment £556,535
Land Assessment £128,618 Total Assessment £685,152

PROPERTY TAXES

Parcel Number
WARW-000300-000001-000000
Land Assessment
£128,618
Improvements Assessment
£556,535
Total Assessment
£685,152
(843) 367-0291

Contact

  • Listing ID: 26853435

  • Date on Market: 13/01/2022

  • Last Updated:

  • Address: 1131 Warwick Ave, Warwick, RI 02888

The Retail Property at 1131 Warwick Ave, Warwick, RI 02888 is currently available for sale. Contact NAI ADVISORS for more information.

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© 2024 CoStar Group

Retail Building - 2 Units | 1131 Warwick Ave
(843) 367-0291 x

Retail Building - 2 Units | 1131 Warwick Ave

Bob Berle

(843) 367-0291

(843) 367-0291

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