1185 Stafford Rd, Tiverton, RI 02878

Building Details

Tenancy Single More

Listing Agency: Bang Realty

Listed By: Brian Brockman · License #701472 Show Phone

Source: Crexi

Added: Nov 2 Changed: Nov 8 Last Checked: Nov 8 at 5:40PM

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Investment Insights

Based on property information with market context.

Dollar General occupies a 9,245-square-foot building on 1.99 acres at 1185 Stafford Rd in Tiverton, Rhode Island. The property is leased on an absolute NNN basis through February 2033, with four five-year renewal options; each option period provides for a 10% rent increase.

Within the Providence/Newport metro area, the site is 23 miles from downtown Providence. Traffic counts are 13,000 cars per day.

Key Highlights

• 9,245‑square‑foot building on 1.99 acres
• Absolute NNN lease through February 2033
• Four 5‑year renewal options, each with a 10% rent increase

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$134,193

Cap Rate

8.12%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,683,860 $2.7M

Cap Rate 7%

$1,917,043 $1.9M

Cap Rate 9%

$1,491,033 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,245 SF

Gross rent

$199.7K $21.60/SF

− Vacancy

−$20.8K −$2.25/SF

EGI

$178.9K $19.35/SF

− OpEx

−$44.7K −$4.84/SF

NOI

$134.2K $14.52/SF

Area

Newport County, RI

Vacancy

10.40%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,683,860

Cap Rate 7%

$1,917,043

Cap Rate 9%

$1,491,033

Alternative Uses

Best Use

Specialty Retail

$1.92M

$1.68M – $2.24M (±1% cap)

NOI $134,193 @ 7.0% cap · market cap 8.12%

Second Best

Retail

$1.49M

$1.30M – $1.74M (±1% cap)

NOI $104,314 @ 7.0% cap · market cap 6.31%

Theoretical Best

Multifamily LT 5

$2.21M

$1.93M – $2.57M (±1% cap)

NOI $154,412 @ 7.0% cap · market cap 9.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dollar General Discount Store Western Union Bank

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Hair Salon Restaurant Pharmacy

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

13,000 VPD

Traffic count

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

96

Businesses Nearby

28k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 54% Dining 46%

Dunkin' Donuts Dining

11,430 visits/mo 0.3 miles

Dollar General Shops & Services

11,157 visits/mo 0.1 miles

BayCoast Bank Shops & Services

3,974 visits/mo 0.4 miles

SUBWAY Dining

1,424 visits/mo 0.2 miles

Demographics for 02878, RI

16,359

Population

7,747

Households

2.1

Avg Household Size

50

Median Age

40%

College-Educated

93%

High-School Grad

29.1 sq mi

ZIP Area

562

Density / Sq Mi

$99,542

Median Household Income

$49,228

Median Earnings

$1,228

Median Rent

$367,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

NNN property - The absolute NNN lease extends to February 2033, with four five-year renewal options.

Where is this nnn property located?

The property is located at 1185 Stafford Rd Tiverton, RI.

What is the asking price?

The asking price for this property is $1,652,378.

What are key features of this property?

This property features: 9,245‑square‑foot building on 1.99 acres; Absolute NNN lease through February 2033; Four 5‑year renewal options, each with a 10% rent increase