550 Hartford Ave Providence, RI 02909

This exceptional investment opportunity presents a 40,526 square foot, single-story shopping center situated on a 4.43-acre lot at 550 Hartford Avenue in Providence, Rhode Island. Built in 1988, the property boasts 100% occupancy across ten commercial suites, anchored by high-volume tenants Dollar General and Advance Auto Parts. The center benefits from a strong NOI of $357,640 and a 7.25% cap rate, making it an attractive investment. Recent capital improvements include a new façade and roof work, further enhancing its value. The property enjoys excellent visibility and access at a signalized intersection with high daily traffic counts exceeding 21,600 vehicles. Its strategic location, less than three miles from downtown Providence and surrounded by densely populated residential areas with high average household incomes, ensures a robust customer base. The property also benefits from the proximity to major employers, colleges, and regional shopping destinations. Lease agreements include rent bumps and operating expense protection for several tenants, mitigating risk and maximizing returns. This fee-simple ownership opportunity offers a compelling combination of strong performance, prime location, and significant upside potential.