Investor's Utopia! Prime commercial property offering exceptional passive income with a $90,000/year Triple Net (NNN) lease in place. This long-term, established restaurant tenant has a proven track record of success, providing reliable returns with minimal landlord responsibilities. Located in a high-visibility, high-traffic area, this asset is perfectly positioned for steady growth. The building and structure are in excellent condition, featuring recent exterior facade updates, a newer roof, and fully updated mechanical systems including HVAC-limiting future capital expenditures. This investment delivers a strong cap rate, stable tenancy, and low overhead-making it a perfect 1031 tax exchange canidate. Opportunities like this are rare: quality tenant, solid lease, prime location, and updated infrastructure. Do the math - You won't find a more stable return in today's market.
| Location | |
|---|---|
| City/Town | Pawtucket |
| County | Providence |
| Community Features | Bus, Commuter Bus, Golf, Highway Access, Hospital, Interstate, Private School, Public School, Railroad, Recreational Facilities, Schools, Shopping, Near Swimming, Tennis |
| Interior | |
|---|---|
| Living Area | 4,284 sq. ft. |
| Heating | Central Air, Forced Air, Gas Connected |
| Interior Features | Ceiling Height (9 to 12 Ft) |
| Additional Information | |
|---|---|
| Tax Assessment | $462,400 |
Information is deemed reliable but is not guaranteed.
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