NNN Property with Long-Term
For Sale
Contact for pricing
549 George Washington Hwy, Lincoln, RI 02865
Fully leased commercial asset featuring scheduled annual rent increases and a net lease structure.
Property Size25,300 SF
Price / SF$338.18
Days on Market48
Property Features for 549 George Washington Hwy
General Information
Standard status
Active
Size
25,300 SF
Property subtype
OFFICE
Occupancy
100%
Net Operating Income
$641,700
Listing Agency:
Hayes & Sherry
(401) 273-1980
Listed By:
David T. Lucivero
(401) 273-2068
Source:
Moodyscre
Added: Aug 31
Changed: Oct 16
Last Checked: Oct 16 at 11:07AM
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 Hayes & Sherry
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 549 George Washington Hwy in Lincoln, RI, this 25,300-square-foot commercial property is structured as an NNN asset. The lease term is 10 years and includes 3% annual increases, providing defined contractual growth over the initial term.
The property is reported at 0% vacancy and is offered for sale with its existing lease structure in place.
The property is reported at 0% vacancy and is offered for sale with its existing lease structure in place.
Key Highlights
- 25,300 square feet of commercial property
- 10‑year lease term
- 3% annual increases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$327,023
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,540,460
$6.5M
Cap Rate 7%
$4,671,757
$4.7M
Cap Rate 9%
$3,633,589
$3.6M
Market Conditions
NOI Build-Up for 25,300 SF
Gross rent
$507.0K $20.04/SF
− Vacancy
−$71.0K −$2.81/SF
EGI
$436.0K $17.23/SF
− OpEx
−$109.0K −$4.31/SF
NOI
$327.0K $12.93/SF
Area
Providence County, RI
Vacancy
14.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,540,460
Cap Rate 7%
$4,671,757
Cap Rate 9%
$3,633,589
Alternative Uses
Best Use
Office B
$4.67M
$4.09M – $5.45M
NOI $327,023 @ 7.0% cap · market cap 3.82%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$6.02M
$5.27M – $7.02M
NOI $421,257 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
360
Businesses Nearby
Explore this area
Business Placement
Demographics for 02865, RI
17,902
Population
7,079
Households
2.5
Avg Household Size
45
Median Age
48%
College-Educated
92%
High-School Grad
16.5 sq mi
ZIP Area
1,085
Density / Sq Mi
$117,042
Median Household Income
$59,949
Median Earnings
$1,206
Median Rent
$427,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
NNN property - Fully leased commercial asset featuring scheduled annual rent increases and a net lease structure.
Where is this nnn property located?
The property is located at 549 George Washington Hwy Lincoln, RI.
What is the asking price?
The asking price for this property is $8,556,000.
What are key features of this property?
This property features: 25,300 square feet of commercial property; 10‑year lease term; 3% annual increases
