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Anchored Neighborhood Retail Center
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1500 Diamond Hill Road, Woonsocket, RI 02895

Multi-tenant center anchored by Planet Fitness, Aero Trampoline Park, and Savers.

Property Size298,598 SF
Lot Size23.58 Acres
Days on Market145

Property Features for 1500 Diamond Hill Road

General Information

Standard status Active
Size 298,598 SF
Lot size 23.58 Acres
Property subtype Retail
Occupancy 81%

Additional Details

Anchor Co-Tenants Planet Fitness, Aero Trampoline Park, Savers

Building Details

Tenancy Multi
Listing Agency: Hunneman
Listed By: David Ross · License #MA 131004-RE-B
Source: Crexi
Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 6:18AM

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 Hunneman

Investment Insights

Based on property information with market context.

Walnut Hill Plaza is a 298,598-square-foot neighborhood shopping center on approximately 23.58 acres at 1500 Diamond Hill Road in Woonsocket, Rhode Island. Developed in three phases in 1966, 1974, and 1992, the property includes 17 tenants and is anchored by Planet Fitness, Aero Trampoline Park, and Savers.

The center is 81.2% leased, with physical occupancy reported at 60.8%. Sears has vacated its space while continuing to pay rent through August 2018. Smaller suites include a mix of national and local occupants, including GameStop, USPS, Payless Shoesource, and Weight Watchers.

Key Highlights

  • 298,598‑square‑foot neighborhood retail center on approximately 23.58 acres
  • 81.2% leased with 60.8% physical occupancy
  • 17 tenants, including Planet Fitness, Aero Trampoline Park, and Savers

Property Analytics

Current Use

Aero Trampoline Park Arcade & Gaming Center Waters Church Church Taco Bell Restaurant The Nail Company And Spa Nail Salon CSL Plasma Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office Big Box & Wholesale Store Building Supply Restaurant

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

81.2%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

272
Businesses Nearby
157k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 40% Shops & Services 29% Apparel 26% Electronics 4%
McDonald's Dining
27,426 visits/mo 0.5 miles
Burlington Apparel
23,062 visits/mo 0.4 miles
Shell Shops & Services
18,746 visits/mo 0.1 miles
Taco Bell Dining
16,603 visits/mo 0.0 miles
Savers Thrift Store Apparel
16,046 visits/mo 0.2 miles

Demographics for 02895, RI

43,269
Population
19,443
Households
2.2
Avg Household Size
38
Median Age
19%
College-Educated
82%
High-School Grad
7.8 sq mi
ZIP Area
5,547
Density / Sq Mi
$58,579
Median Household Income
$40,929
Median Earnings
$1,116
Median Rent
$267,900
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
Rey
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Frequently Asked Questions

What type of property is this?
Shopping center - Multi-tenant center anchored by Planet Fitness, Aero Trampoline Park, and Savers.
Where is this shopping center located?
The property is located at 1500 Diamond Hill Road Woonsocket, RI.
What are key features of this property?
This property features: 298,598‑square‑foot neighborhood retail center on approximately 23.58 acres; 81.2% leased with 60.8% physical occupancy; 17 tenants, including Planet Fitness, Aero Trampoline Park, and Savers
More about this property
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