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1177 Reservoir Ave
3,410 SF of Retail Space Available in Cranston, RI 02920
Space Availability (1)
Display Rent as
- Space
- Size
- Term
- Rent
- Service Type
| Space | Size | Term | Rent | Service Type | ||
| 1st Floor | 3,410 SF | Negotiable | Upon Application Upon Application Upon Application Upon Application Upon Application Upon Application | TBD |
1st Floor
This listing is for a freestanding building and ground lease. Lot size over 33k SF. The annual real estate tax is $22,365, and the sewer tax is $1,520.
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Great opportunity!
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS FOR 1177 Reservoir Ave , Cranston, RI 02920
| Property Type | Retail | Year Built | 1983 |
| Property Subtype | Restaurant | Parking Ratio | 10/1,000 SF |
| Gross Internal Area | 3,554 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 3,554 SF |
| Year Built | 1983 |
| Parking Ratio | 10/1,000 SF |
About the Property
The building is well suited for a Restaurant, Bank or QSR based on the high volume of similar users on Reservoir Avenue. The area includes great operators such as: Taco Bell, D'Angelo's, Chelo's, Subway, Citizen's Bank, Panera Bread, Bank of America, Little Caesar's Pizza Dunkin Donuts, Washington Trust, McDonald's Pizza Hut, Baja's Tex Mex, Bank RI and more! Other retail uses will be considered.
- Bus Route
- Property Manager on Site
- Pylon Sign
- Signage
Nearby Major Retailers
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1177 Reservoir Ave
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