170 Franklin Street Bristol Bristol, RI 02809
Restaurant with loyal following and adjacent single family home.
Property Features for 170 Franklin Street Bristol
General Information
- Standard status
- Active
- Size
- 2,081 SF
Building Details
- Year Built
- 1950
Listing office (508) 501-1443
Listing date May 15, 2026
Source Milestonerealtyinc
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 Leanne McCormick
Investment Insights
Based on property information with market context.
Key Highlights
- Fully operational restaurant (The Casual Inn) established since 1969 with a loyal customer base.
- Sale includes both the restaurant and a separate 3‑bedroom, 2‑bathroom single‑family home.
- Restaurant is fully equipped with a 15' hood, extensive cooking equipment, refrigeration, ice machine, and bar coolers.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $51.2k | $24.60 |
| − Vacancy | −$1.9k | −$0.93 |
| EGI | $49.2k | $23.67 |
| − OpEx | −$12.3k | −$5.92 |
| NOI | $36.9k | $17.75 |