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Warwick Restaurant Investment Opportunity

444 Quaker Ln Warwick, RI 02886

444 Quaker Ln, Warwick, RI, 02886
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Net-leased Denny's with long-term lease and rental increases.

Property Size4,000 SF
Lot Size0.62 Acres
Price / SF$465.26
AddedMay 20
Days on Market57
Last RefreshJun 29 at 3:05 am

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

Listing date May 20, 2026

Source Moodyscre

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 SAB


Investment Insights

Based on property information with market context.

The property at 444 Quaker Lane, Unit 3, Warwick, RI, is a single-tenant building occupied by Denny’s. The building has 4,000 square feet of rentable area and is situated on a 0.62-acre lot. The property is 100% leased to Denny’s, operated by a local franchisor. The tenant recently completed a comprehensive renovation to the restaurant. Denny’s has over 1,300 locations nationwide. The property is located in a retail corridor near Providence. Denny’s executed a new NNN lease that expires in 2035, with two five-year extension options. The lease includes rental increases every five years during the base and option terms. The Denny’s location operates as a full-service restaurant offering breakfast, lunch, dinner, and late-night dining options, serving residents, travelers, and businesses throughout the Warwick and Providence metro area.

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
4,000 SF · lease $24.00/SF/yr · vacancy 2.60% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.00M
$876.6K – $1.17M (±1% cap)
NOI $70,128 @ 7.0% cap · market cap 3.77%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

General Insurance Co Insurance Agency Denny's Restaurant Dr. Paul S. ... Ophthalmologist St. James Surgery ... Medical Clinic Denise Hubbard, Crna Physician

Suggested Use

Building Supply Dental Office Big Box & Wholesale Store Pharmacy Law Firm Kitchen & Bath Showroom Restaurant Real Estate Agency Gym & Fitness Center Parking Lot & Garage

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

FAQs

What type of property is this?
Conventional restaurant - Net-leased Denny's with long-term lease and rental increases.
Where is this conventional restaurant located?
The property is located at 444 Quaker Ln Warwick, RI.
What is the asking price?
The asking price for this property is $1,861,033.
What are key features of this property?
This property features: 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.
Contact an agent
(646) 809-8856 Call to check price and availability
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