850 Aquidneck Avenue, Middletown, RI 02842

THE ASSET: Middletown Commons was constructed in 1992 and has had significant upgrades over the years. The well-maintained Property is improved by a 41,490 square foot center on a large 4.76-acre parcel of land. The Property features two points of access, outstanding frontage and visibility and a complimentary mix of medical, retail and professional office tenants. The Property has an at-grade lower level with direct access from the rear parking lot.

UPSIDE POTENTIAL: Middletown Commons is 73.87% leased offering significant upside through the lease up of 10,842 square feet of vacant space. The desirable suites range in size from 590 square feet to 2,130 square feet offering varied floor plans to accommodate a variety of tenant space needs.

STRATEGIC LOCATION: Middletown Commons occupies a highly visible location along Aquidneck Avenue, offering strong frontage and two points of access. The Property is positioned near its intersection with East Main Street (RI Route 138), placing it in the center of Middletown’s primary commercial area. The site is surrounded by a mix of national and local retailers, restaurants, area schools, and established residential neighborhoods, all of which contribute to steady traffic and a built-in customer base.

PROXIMITY TO NEWPORT & PORTSMOUTH: Located on Aquidneck Island, the communities of Newport and Portsmouth are two of the most important economic and lifestyle centers in Rhode Island’s coastal region. Newport and Portsmouth create a dynamic economic environment driven by tourism, defense, marine industries, and regional commerce, while also offering exceptional coastal scenery, recreational amenities, and a high quality of life that continues to attract residents, businesses, and visitors to Aquidneck Island.

RETAIL TRADE AREA: Notable tenants and attractions drawing consumers to the trade area include Home Depot, BJ’s Wholesale Club, Shaw’s, Aldi, Ocean State Job Lot, Marshalls, HomeGoods, Anytime Fitness, CVS, Walgreens, AutoZone, Chili’s, Applebee’s, Chipotle, Starbucks, Dunkin’, McDonald’s, Wendy’s, Burger King, Taco Bell, Dave’s Hot Chicken, Jersey Mike’s, and Cumberland Farms.

TRAFFIC COUNTS: Approximately 15,100 vehicles pass by the Property each day along Aquidneck Avenue (RI Route 138A).

DEMOGRAPHICS: Approximately 37,800 people live within 3-miles of the Property with an average household income of $138,794, and more than 51,300 people live within 5-miles of the Property with an average household income of $150,826. Additionally, there are more than 34,900 employees within 3-miles of the Property.