Mega Realty Services Inc
Listed by Mega Realty Services Inc
$1,600,000
1484 N Mineral Spring Ave Avenue N
Details
APN 1484MINERALSPRINGAVEAVNPRO
Property Type Retail
Sub Type Restaurant, QSR/Fast Food
Square Footage 2,410
Units 2
Year Built 1990
Buildings 1
Acreage 0.310
Zoning CG
Parking Spaces 19 spaces
Parking Per SqFt 7.88
Retail | 2,410 SqFt
Marketing description
This well-performing, single-tenant NNN retail property is located in the highly sought-after Mineral Springs Avenue retail corridor. The standalone building offers 2,410 square feet on a 0.29-acre lot, complete with dedicated parking and a drive-thru, providing excellent long-term usability and steady customer traffic. The current tenant has been operating here since 2005 and has about seven years remaining on a triple net lease, with the lease guaranteed by the corporation, ensuring reliable and predictable income with minimal landlord involvement. Positioned in a busy trade area with over 22,000 vehicles passing daily, the location benefits from strong national retail presence nearby. Offered at a 5.25% capitalization rate with solid net operating income, this fee simple property includes both the land and building. It’s an excellent opportunity for 1031 exchange investors or those seeking stable cash flow, established tenancy, and long-term security in a market with limited supply in Rhode Island."Sold as is".
Listing Contacts
Mega Realty Services Inc
Listed by Mega Realty Services Inc
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Zoning
CG CommercialGeneral CommercialCommercial General
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