For Sale
$3,200,000

555 Atwood AveCranston, RI 02920

High-yield retail storefront, 18,784 sq ft

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional investment opportunity presents a 18,784 square foot multi-tenant retail storefront located at 555 Atwood Ave, Cranston, RI 02920. The property, built in 1987, sits on a 2.05-acre lot and boasts 100% occupancy with a modified lease structure. All tenants currently hold multi-year leases with options, ensuring a stable income stream. The property has a proven track record of consistent occupancy and strong cash flow, even during economic downturns. Currently generating over $300,000 in annual income, it offers a compelling cap rate of approximately 7.60%. The two-building complex enjoys high visibility near the Cranston/Johnston town line. The existing structure is designed to allow for the addition of a second floor, potentially increasing rentable space by over 7,500 square feet, presenting significant future expansion possibilities. The asking price is $3,200,000. This property is ideal for investors seeking a stable, high-yield investment with significant upside potential. The total land area encompasses 89,446 square feet. The remaining lease term is 5 years.

Highlights

  • 18,784 SF multi-tenant retail building on a 2.05-acre lot (89,446 SF total land area) at 555 Atwood Ave, Cranston, RI.
  • 100% occupancy with multi-year leases providing a stable income stream.
  • Generating over $300,000 annual income with a 7.60% cap rate.
  • High visibility location near the Cranston/Johnston town line.
  • Expansion potential: Add a second floor for over 7,500 SF of additional rentable space.
  • Asking price: $3,200,000.

Property Details for 555 Atwood Ave

Property type
Retail properties, Retail space
Square Feet
18,784 SF
Year Built
1987
Lot Size (sq. ft)
89,298 SF

Location Insight

City
Cranston
County
Providence
State
Rhode Island
Latitude
41.790858
Longitude
-71.4717235
555 Atwood Ave, Cranston, Rhode Island

FAQs

What type of property is this?
Retail property - High-yield retail storefront, 18,784 sq ft
Where is the retail property located?
The property is located at 555 Atwood Ave Cranston, RI.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 18,784 SF multi-tenant retail building on a 2.05-acre lot (89,446 SF total land area) at 555 Atwood Ave, Cranston, RI.; 100% occupancy with multi-year leases providing a stable income stream.; Generating over $300,000 annual income with a 7.60% cap rate.
How can I contact the broker?
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555 Atwood Ave
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