Triple Net Leased Restaurant Property

176 Columbus Avenue, Pawtucket, RI 02860

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For Sale

$850,000

Single-tenant restaurant investment offered with a $90,000/year NNN lease and recent building improvements for streamlined ownership.

Type:General Commercial

Property size:

4,284 SF

Price / SF:

$198/SF

HighLights

$90,000/year Triple Net (NNN) lease in place with an established, single‑tenant restaurant
Recent exterior facade updates plus a newer roof
Fully updated mechanical systems, including HVAC (noted as helping limit future capital expenditures)
Central air (gas) cooling system
Tennis court on‑site
High‑traffic setting with public transport and highway access via city asphalt roads

We can help!

Listing Contact

Karl Martone

Learn more

For Sale

$850,000

Single-tenant restaurant investment offered with a $90,000/year NNN lease and recent building improvements for streamlined ownership.

Type:General Commercial

Property size:

4,284 SF

Price / SF:

$198/SF

Added:: May 5, 2026
Days on Market:: 42
Last Refresh:: Jun 15 at 7:07 am

Property Features for 176 Columbus Avenue

General Information

Standard status: Active
Size: 4,284 SF
Property subtype: General Commercial

Building Details

Year Built: 1940

We can help!

Listing Contact

Karl Martone

Listing agent Karl Martone License #145726

Listing office RE/MAX Properties

Listing date May 5, 2026

Source Xome

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 RE/MAX Properties

HighLights

$90,000/year Triple Net (NNN) lease in place with an established, single‑tenant restaurant
Recent exterior facade updates plus a newer roof
Fully updated mechanical systems, including HVAC (noted as helping limit future capital expenditures)
Central air (gas) cooling system
Tennis court on‑site
High‑traffic setting with public transport and highway access via city asphalt roads

Overview

This is a single-tenant, triple net (NNN) restaurant property offered for sale with a $90,000/year NNN lease in place. The current restaurant tenant is described as long-term and established, with a proven track record. The building and structure are reported to be in excellent condition, with recent exterior facade updates, a newer roof, and fully updated mechanical systems, including HVAC improvements intended to limit future capital expenditures.

The property is positioned in a high-visibility, high-traffic area, supporting consistent day-to-day customer access. As an NNN lease structure, it is designed to reduce landlord involvement by shifting many operational responsibilities to the tenant under the lease terms provided.

For investors or buyers seeking a hands-off income profile, this asset’s combination of a long-term restaurant tenant and NNN lease structure is a key consideration. The reported building upgrades—exterior facade updates, a newer roof, and updated mechanical systems—also address near-term maintenance planning from an ownership standpoint. Prospective purchasers should review the lease details and condition documentation during due diligence.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$77.1k	$18.00
− Vacancy	−$7.9k	−$1.85
EGI	$69.2k	$16.15
− OpEx	−$17.3k	−$4.04
NOI	$51.9k	$12.11

4,284 SF · lease $18.00/SF/yr · vacancy 10.28% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$741.3K

$648.6K – $864.8K (±1% cap)

NOI $51,889 @ 7.0% cap · market cap 6.10%

Second Best

—

no second resolved use

Theoretical Best

Multifamily LT 5

$1.02M

$891.6K – $1.19M (±1% cap)

NOI $71,331 @ 7.0% cap · market cap 8.39%

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

Location Intelligence

Current Use by Public Records

Roast House Pub ... Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Pawtucket
County: Providence
State: Rhode Island
Longitude: -71.3648377
Latitude: 41.8706357

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For sale
NNN properties
RI
Pawtucket
02860
176 Columbus Avenue

What type of property is this?

NNN property - Single-tenant restaurant investment offered with a $90,000/year NNN lease and recent building improvements for streamlined ownership.

Where is this nnn property located?

The property is located at 176 Columbus Avenue Pawtucket, RI.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: $90,000/year Triple Net (NNN) lease in place with an established, single‑tenant restaurant; Recent exterior facade updates plus a newer roof; Fully updated mechanical systems, including HVAC (noted as helping limit future capital expenditures)