275 Warwick Ave, Cranston, RI 02905

LONG TERM TENANT: Stop & Shop has been at this location since it was constructed in 2011 and has 6+ years remaining on their Absolute NNN Ground Lease followed by eleven (11), 5-year renewal options.

SCHEDULED RENT INCREASES: Stop & Shop’s lease call for an attractive 2.7% rent increase in September 2026 and $55,000 increases at the start of each renewal option, providing an investor with an attractive increase in revenue and a hedge against inflation.

STRONG TENANT: The Property features a corporate lease with Stop & Shop, a dominant New England Grocer with almost 400 locations throughout Connecticut, Massachusetts, Rhode Island, New York, and New Jersey. Stop & Shop is owned by global grocery giant, Ahold Delhaize. Ahold Delhaize reported US Sales of $58.3 Billion in 2024.

ZERO MANAGEMENT RESPONSIBILITIES: The Stop & Shop Ground Lease is Absolute NNN and requires zero landlord responsibilities. The tenant is solely responsible for all service, maintenance, and repairs, making it an attractive investment for the passive real estate investor.

PRIME RETAIL LOCATION: Stop & Shop enjoys outstanding frontage and visibility along Warwick Avenue (US Route 1A), one of the area’s primary commercial and commuter corridors. The Property is convenient to major roadways including Interstate 95, US Route 1 and RI Routes 2, 10 and 37. The Property is surrounded by densely populated residential neighborhoods that provide a built-in customer base. The Property is just 4 miles from the Providence Central Business District with its myriad of high-rise office towers, hotels, restaurants and points of interest including Providence City Hall, the Providence Riverwalk, Providence Station, Providence Performing Arts Center, and Providence Children’s Museum.

ECONOMIC DRIVERS: Cranston is positioned south of Providence, Rhode Island’s capital city. Providence’s Central Business District, just 4 miles away, is home to Providence Place, a Regional Mall with 140 stores and restaurants in 1.4 million square feet, The Rhode Island Convention Center, the Amica Mutual Pavilion (Arena), and the Rhode Island State House and government office buildings. The area is also home to several hospitals (Rhode Island Hospital, the Hasbro Children’s Hospital, and the Roger Williams Medical Center) and colleges/universities (Brown University, Johnson & Wales University, Rhode Island College, Rhode Island School of Design, Roger Williams University and the University of Rhode Island).

TRAFFIC COUNTS: On average more than 17,200 vehicles pass the Property each day along Warwick Avenue (US Route 1A).

DEMOGRAPHICS: Approximately 115,600 people live within 3 miles of the Property with an average household income of $97,512. More than 334,100 people live within 5 miles of the Property with an average household income of $103,948. Additionally, there are more than 53,100 employees within 3 miles of the Property.

RETAIL TRADE AREA: Notable tenants drawing consumers to the trade area includes Walmart, Shaw’s, Price Rite Marketplace, Dave’s Fresh Marketplace, Ace Hardware, Walgreens, CVS, O’Reilly Auto Parts, Car Parts International, Dollar General, Family Dollar, Sam’s Food Stores, Starbucks, McDonald’s, Taco Bell, Subway, Domino’s, Papa John’s, Dunkin’, Reign Car Wash, Cumberland Farms, Speedy Mart, and Speedway.