$1,500,000
About this home
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".
Property details
- MLS #
- 1414964
- Property type
- Commercial,Commercial Sale
- Subdivision
- N/A
- Status
- Active
- Days on market
- 54
- On market date
- June 16, 2026
- Stories
- 1
- Total bathrooms
- N/A
- Garage spaces
- N/A
- Parking spaces
- 19
- Lot size
- 0.31 acres
Location
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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated August 11, 2026.
Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.