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    290 Branch Ave Providence, RI 02904

    For Sale
    $5,395,652

    NNN leased urgent care in downtown Providence with annual increases.

    Property size:
    8,500 SF
    Lot size:
    0.96 Acres

    Property Features for 290 Branch Ave

    General Information

    Size
    8,500 SF
    Lot size
    0.96 Acres

    Source: Sands Investment Group (SIG) | Austin Agent John Mansour

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Concentra Urgent Care Investment Opportunity

    This 8,500 square foot property is occupied by Concentra Urgent Care, a national leader in occupational medicine and urgent care services with over 550 locations across 41 states, serving over 50,000 patients daily. The property is located at 290 Branch Avenue in Providence, RI, in a trophy location in downtown Providence, which has 221,557 residents within a 3-mile radius. The property has excellent visibility along Branch Avenue and is in close proximity to I-95, which sees 142,000 vehicles per day. It also benefits from ideal retail synergy, with close proximity to strong anchor tenants such as Walmart and Home Depot. The property is subject to a long-term 10-year NNN lease with attractive 2% annual increases and minimal landlord responsibilities. Concentra has a 15+ year operating history at this site, and their recent 10-year extension suggests a strong commitment to the location, making this a unique investment opportunity.
    Location Intelligence

    Current Use by Public Records

    Dr. Farzaneh Sarlak Family Practice Physician Concentra Urgent Care Occupational Health Service Dr. Matthew Mitchell Physical Therapist Alexander Perdikis Physical Therapist Dr. Steven Ritucci Sports Medicine Physician

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Providence
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4147471
    Latitude
    41.8474853

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    FAQs

    What type of property is this?
    Medical office - NNN leased urgent care in downtown Providence with annual increases.
    Where is this medical office located?
    The property is located at 290 Branch Ave Providence, RI.
    What is the asking price?
    The asking price for this property is $5,395,652.
    What are key features of this property?
    This property features: - Long-term 10-year NNN lease with 2% annual increases.; - Concentra is the nation’s leader in occupational medicine.; - Trophy location in downtown Providence, RI with 221,557 residents within a 3-mile radius.
    (844) 474-4666
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    290 Branch Ave Providence, RI 02904
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