Building Details

Tenancy Single

Listing Agency: NAI Advisors b***@naiadvisors.com Show Phone

Listed By: Bob Berle · License #RIREB.0019029

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Apr 11 at 2:39PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Advisors

Investment Insights

Based on property information with market context.

This NNN medical office property is fully leased to a single tenant through June 30, 2027. The lease includes 3% annual rent increases and reflects a net lease structure.

Located at 1131 Warwick Ave in Warwick, Rhode Island, the property may also be acquired as part of a package with 450 Veteran's Memorial Parkway in East Providence, Rhode Island. The stated capitalization rate is 7.6%.

Key Highlights

• 7.6% CAP rate
• NNN lease with 3% annual rent increases
• Fully leased medical office property

Property Analytics

Property Profile

Current Use

Dr. Donald A. Nadeau, ... Pediatrician Dr. William C. ... Pediatrician Robert Gordon, MD Physician South Coast Group Physician ALISON WILKENS Physician

Suggested Use

Top Pick Real Estate Agency Building Supply Electrical Service HVAC Service Furniture & Home Goods Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

409

Businesses Nearby

Explore this area Business Placement

Demographics for 02888, RI

19,578

Population

9,117

Households

2.1

Avg Household Size

46

Median Age

32%

College-Educated

96%

High-School Grad

5.9 sq mi

ZIP Area

3,318

Density / Sq Mi

$88,750

Median Household Income

$55,561

Median Earnings

$1,218

Median Rent

$318,100

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this nnn properties located? What is the asking price? Find similar properties ... What are key features of this property?

Ask Rey about this property ...

Similar For Sale Nearby

Office/Warehouse Conversion Opportunity

2670 Warwick Avenue, Warwick, RI 02889

$1,095,000

8,850 SF

View details

Free-Standing Retail Building

1590 Post Road, Warwick, RI 02888

$2,400,000

14,950 SF

View details

Two-Story Office Condo Opportunity

5-33 College Hill Rd, Warwick, RI 02886

$599,900

6,000 SF

View details

Multi-Story Office Condominium

33 College Hill Road Unit 5, Warwick, RI 02886

$599,900

6,000 SF

View details

Flex Space with Parking

55 Montebello Road, Warwick, RI 02886

$740,000

3,100 SF

View details

Versatile Post Road Commercial Building

1620 Post Road, Warwick, RI 02888

$975,000

4,360 SF

View details

Office Property with Parking

1168 Warwick Avenue, Warwick, RI 02888

$387,000

2,224 SF

View details

Multi-Tenant Office Building

2797 Post Road, Warwick, RI 02886

$625,000

3,464 SF

View details

Prime Commercial Opportunity on Sandy

449 Sandy Lane, Warwick, RI 02889

$1,400,000

7,870 SF

View details

Warwick Office Building For Sale

2871 Post Road, Warwick, RI 02886

$1,149,999

2,928 SF

View details

Turn-Key Restaurant Near Airport

2099 Post, Warwick, RI 02886

$2,200,000

9,093 SF

View details

Office Condominium with Four Offices

B206-615 Jefferson Blvd, Warwick, RI 02888

$129,900

1,029 SF

View details

Frequently Asked Questions

What type of property is this?

NNN property - Fully leased medical office occupied by one tenant under a net lease structure.

Where is this nnn property located?

The property is located at 1131 Warwick Ave Warwick, RI.

What are key features of this property?

This property features: 7.6% CAP rate; NNN lease with 3% annual rent increases; Fully leased medical office property