444 Quaker Ln Warwick, RI 02886
Net-leased Denny's with long-term lease and rental increases.
Property Features for 444 Quaker Ln
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 0.62 Acres
- Property subtype
- RETAIL
Listing office SAB (646) 809-8856
Listing date May 20, 2026
Source Moodyscre
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Investment Insights
Based on property information with market context.
Key Highlights
- Long‑term NNN lease with Denny's (expires 2035) and built‑in rent increases provides predictable and growing passive income.
- National tenant (Denny's) with over 1,300 locations nationwide provides stability.
- Recently renovated restaurant demonstrates tenant's commitment.
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 | $96.0k | $24.00 |
| − Vacancy | −$2.5k | −$0.62 |
| EGI | $93.5k | $23.38 |
| − OpEx | −$23.4k | −$5.84 |
| NOI | $70.1k | $17.53 |