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375 Main St
Warren, RI 02885

Dunkin' Donuts | 40 Year Operating History | · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Building Size
2,600 SF
Building Class
B
Year Built
1999
Tenancy
Single
Number of Floors
1
Building FAR
0.25
Lot Size
0.24 AC
Zoning
08
Parking
12 Spaces (4.62 Spaces per 1,000 SF Leased)
Frontage
38 ft on Main St

Amenities

  • Bus Route
  • Pylon Sign
  • Signalised Intersection
  • Drive Thru

About 375 Main St , Warren, RI 02885

LEASE Absolute NNN Lease – The investment is hands-free and provides the landlord with zero management responsibilities Passive Income – Lease still has 8 years remaining on the primary term and two, 5-year options to renew Incredible Hedge Against Inflation – The lease has built-in annual increases of 3%-5%! Strong Return – Average return of 5.95% over the primary term if purchased at list price (Potential to be significantly higher if annual increases go up to 5%) Growth in income – Nearly a 9% return on your initial investment at the end of the option periods LOCATION Commitment to Location – A complete store remodel is scheduled to take place within the next 5 years Strong Market Share – Closest Starbucks is in an in-line space across the Barrington River, Dunkin’ Donuts dominates the immediate trade area Optimal Prototype – The building comes equipped with a drive-thru that promotes additional traffic and stronger sales at the store Affluent Demographics – Average household incomes within a 3-mile radius are in excess of $104,000 Dense Population – Over 80,000 residents within a 5-mile radius Longstanding Operating History – Dunkin’ Donuts has been at this location since 1972 and has served the community for over 45 years! Great Accessibility – Property’s parking lot extends to the corner of Miller & Main, giving customers an easy way to exit the property after using the drive-thru FRANCHISE/HISTORY Joma Realty Company has exclusive rights to the Dunkin’Donuts brand in the East Bay which includes Warren, Bristol, and Barrington Experienced Franchisee – Franchisee operates 8 locations with satellites at Roger Williams University as well Reliable Franchisee – Dunkin’ Donuts corporate turned this location over to this specific franchisee in 2010

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
WARR-000003-000000-000015
Land Assessment
£317,080
Improvements Assessment
£458,622
Total Assessment
£775,702
  • Listing ID: 9511782

  • Date on Market: 10/10/2017

  • Last Updated:

  • Address: 375 Main St, Warren, RI 02885

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