963-969 Victory Hwy Burrillville, RI 02839
- Retail properties
- 5,015 SF
- 0.32 lot acres
Current Use by Public Records
- Retail properties
Property Details for 963-969 Victory Hwy
- Year built
- 1945
- Lot size
- 0.32 lot acres
- Property size
- 5,015 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 5,015 square foot, fully occupied, multi-tenant storefront property located at 963-969 Victory Hwy, Burrillville, RI 02839. The property boasts a strong 8.00% cap rate and a substantial net operating income (NOI) of $64,675. The anchor tenant is the United States Post Office, which recently signed a five-year lease extension, providing exceptional security and stability. This two-story building, constructed in 1945, sits on a 0.32-acre lot and features a diverse tenant mix including a post office, apartment, office, and garage. The property is offered fee simple and benefits from its location within the Providence MSA, a thriving market with robust employment in healthcare, education, and government sectors. Major employers in the area include Lifespan Health System, Brown University, Rhode Island Hospital, and Amica Mutual Insurance, contributing to low vacancy rates and strong demand for commercial properties. Ongoing developments further enhance the area's economic growth potential. The property's APN is BURR M: 196 L:011. This is a rare opportunity to acquire a secure, high-performing investment property with a government-backed lease.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Burrillville
- County
- Providence
- State
- Rhode Island
- Longitude
- -71.6496
- Latitude
- 41.9531
