Property History
Sands Investment Group is Pleased to Present Exclusively For Sale the 11,800 SF Cumberland Medical Center Located at 106 Nate Whipple Hwy in Cumberland, RI. This Deal Includes 100% Occupied Medical Building, With 2% Annual Increases Throughout the Building and the Building is Below Replacement Costs, Providing For a Unique Investment.
2% Annual Increases Throughout the Building
Average Lease Term Remaining is Over 4 Years, Assuring No Upcoming Vacancies
100% Occupied Medical Building
Building is Below Replacement Costs
All Tenants Are Internet, Recession and Pandemic Proof
Walgreens Occupies 65% of the Building With a Lease That Extends Through November of 2026
Located Just Off Mendon Road Which Sees Nearly 12,790 VPD
Strong Demographics With a Population of 34,685 Residents Making an Average Household Income of $103,709 Within a 3-Mile Radius
Nearby Retailers Include: Dollar Tree, Dunkin', Holiday Inn Express & Suites, Kohl's, Lowe's, Walmart, PetSmart, ALDI and Stop & Shop
- Fully Leased
- Diverse Tenant Base with long-term leases.
- New Roof and deck 2020
- Full HVAC replacement 2017
- 2% Annual Rental Increases
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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