4300 Post Rd East Greenwich, RI 02818-4203
- Showrooms
- 5,653 SF
- 0.32 lot acres
Current Use by Public Records
- Showrooms
Property Details for 4300 Post Rd
- Year built
- 1993
- Construction
- FRAME
- Lot size
- 0.32 lot acres
- Property size
- 5,653 SF
- Zone code
- O
- Property type
- Showrooms
- APN
- WARW M:221 B:0025 L:0000
- APU
- WARWM221B0025L0000
Description
This exceptional investment opportunity presents a stabilized, Class C medical office building located at 4300 Post Rd, East Greenwich, Rhode Island, 02818. The property boasts 7,433 square feet across two stories within a single building on a 0.32-acre lot. Built in 1993 and renovated in 2020, the building features 18 parking spaces and is currently 100% occupied by a credit-rated national tenant under a NNN lease. The lease commenced June 30, 2023, and has a remaining term of 5.4 years, expiring June 30, 2030, with two five-year renewal options. The current annual net operating income (NOI) is $155,714, representing a compelling 7.03% capitalization rate. The lease includes annual rent bumps of 2.5%. This property offers a secure, long-term investment with a strong tenant and attractive financial metrics. The building consists of two units and is situated in Kent County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- East Greenwich
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4478
- Latitude
- 41.6738
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
