1301 Elmwood Ave, Cranston, RI 02910-2204

This exceptional investment opportunity presents a 54,604 square foot commercial property located at 1301 Elmwood Avenue in Cranston, Rhode Island. Situated on a 0.95-acre lot, the property is currently under a triple-net (NNN) lease with Premier Education Partners, a nationally recognized leader in specialized K-12+ education services. The tenant provides schooling and in-district services for students with a wide range of exceptionalities, including learning disabilities, autism spectrum disorders, behavioral difficulties, and various other developmental needs. This ensures a stable and reliable income stream for the investor. The lease has a remaining term of 11 years, providing long-term security and predictable cash flow. A significant advantage is the built-in annual rent escalation clause, providing a 2.5% increase each year, effectively hedging against inflation and ensuring consistent growth in rental income. The NNN lease structure further minimizes the owner's responsibilities, making this a truly passive investment opportunity. The property's size and location in Cranston, RI, offer significant potential for future appreciation. This is a rare chance to acquire a high-quality, passively managed commercial property with a strong, established tenant and a long-term lease agreement. The asking price is $4,295,000. This represents a compelling investment opportunity with substantial potential for long-term returns.