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    1776 Plainfield Pike Cranston, RI 02921

    For Lease
    Contact for pricing

    Prime Retail Space, High Traffic Area

    Lot size:
    216,794 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    Independence Park, a thriving 216,794 square foot shopping center in Cranston, RI, presents an exceptional retail investment opportunity. This multi-tenant property, anchored by a Super Walmart, offers immediate occupancy in two available spaces ranging from 9,028 to 29,028 contiguous square feet, with a total of 21,888 square feet currently vacant. Built in 1993, the center boasts a strong tenant mix including McDonald's, Dollar Tree, and Planet Fitness, ensuring consistent foot traffic. The property sits on a substantial 29.15-acre lot and provides ample parking with 1175 spaces. Its strategic location along Plainfield Pike (RI-14), with convenient access to I-295 exit 6, guarantees high visibility and accessibility. The surrounding area is densely populated, with over 73,847 residents within a three-mile radius boasting an average household income exceeding $85,061, creating a robust consumer base. This well-established center offers significant frontage and visibility, making it an ideal location for a variety of retail businesses seeking a prime spot in a high-traffic area. The minimum divisible space is 9,028 square feet, providing flexibility for various business needs. This is a rare opportunity to acquire a piece of a successful, established shopping center in a desirable location.

    Property Features for 1776 Plainfield Pike

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    216,794 SF

    Building Details

    Year Built
    1993

    Unit(s) available at that property

    Space
    Suite 5
    Size
    9,028 SF
    Space
    Available Space 6
    Size
    20,000 SF

    HighLights

    • 216,794 SF retail center anchored by Walmart in Cranston, RI.
    • Multiple tenancy with spaces ranging from 9,028 SF to 29,028 SF available.
    • 21,888 SF of vacant space.
    • 29.15‑acre lot with 1,175 parking spaces.
    • Built in 1993.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walmart Connection Center Cell Phone Store Walmart Home Services Home Help Service Agency Walmart Bakery Bakery Walmart Garden Center Garden Center Ria Money Transfer Money Transfer Service

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Cranston
    County
    Providence
    State
    Rhode Island
    Longitude
    -71.4989471
    Latitude
    41.7890413

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    FAQs

    What type of property is this?
    Restaurant - Prime Retail Space, High Traffic Area
    Where is this restaurant located?
    The property is located at 1776 Plainfield Pike Cranston, RI.
    What are key features of this property?
    This property features: 216,794 SF retail center anchored by Walmart in Cranston, RI.; Multiple tenancy with spaces ranging from 9,028 SF to 29,028 SF available.; 21,888 SF of vacant space.
    Request Owner's contact information
    1776 Plainfield Pike Cranston, RI 02921
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    Cranston, RI 02921
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1776 Plainfield Pike Cranston, RI 02921
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