650 Bald Hill Rd Warwick, RI 02886

Listing agency SRS Real Estate Partners Newport Beach p***@srsre.com Show Phone

Listed by Matthew Mousavi · License #CA 01732226

Source Crexi

Added: Apr 11 Updated: Jul 21 at 8:49PM Checked: Jul 21 at 8:49PM

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Investment Insights

Based on property information with market context.

Freestanding On The Border Mexican Grill & Cantina investment property offered on a leased fee (land ownership) basis with an absolute NNN structure and zero landlord responsibilities. The tenant, OTB Acquisition LLC, exercised the first of four five-year options in 2017, leaving approximately 1.5 years of firm term remaining. The lease is corporate guaranteed by Brinker Rhode Island, Inc., a subsidiary of Brinker International.

The site is positioned along Bald Hill Road, described as a retail and commuter thoroughfare with approximately 31,800 vehicles passing daily. It also benefits from nearby direct on/off ramp access to Interstates 295 and 95. The property functions as an outparcel to Midland Commons (formerly Rhode Island Mall), a 578,000 SF shopping center anchored by Walmart Supercenter, At Home, Kohl’s, and Burlington. Additional nearby retailers named include Target, Hobby Lobby, T.J. Maxx, Best Buy, Trader Joe’s, Old Navy, and Dick’s Sporting Goods.

Key Highlights

• Absolute NNN leased fee investment in an On The Border Mexican Grill & Cantina property on Bald Hill Road in Warwick, RI
• Tenant OTB Acquisition LLC corporate‑guaranteed by Brinker Rhode Island, Inc., a subsidiary of Brinker International
• Tenant exercised their first of four (5‑year) options to extend in 2017, leaving approximately 1.5 years of firm term

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FAQs

What type of property is this?

Conventional restaurant - Leased fee investment with absolute NNN structure and corporate-guaranteed tenancy for an On The Border location on Bald Hill Road.

Where is this conventional restaurant located?

The property is located at 650 Bald Hill Rd Warwick, RI.

What are key features of this property?

This property features: Absolute NNN leased fee investment in an On The Border Mexican Grill & Cantina property on Bald Hill Road in Warwick, RI; Tenant OTB Acquisition LLC corporate‑guaranteed by Brinker Rhode Island, Inc., a subsidiary of Brinker International; Tenant exercised their first of four (5‑year) options to extend in 2017, leaving approximately 1.5 years of firm term