336 Bald Hl Rd Warwick, RI 02886-1630
Property profile & analytics
336 Bald Hl Rd, Warwick, RI 02886-1630
- Showrooms
- 3,310 SF
- 0.14 lot acres
Property ID
US76-0225659
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Red Rice Restaurant / Restaurant
Property Details for 336 Bald Hl Rd
- Year built
- 1925
- Construction
- FRAME
- Lot size
- 0.14 lot acres
- Zone code
- GB
- Property type
- Showrooms
- APN
- WARW M:273 B:0248 L:0000
- APU
- WARWM273B0248L0000
Description
This exceptional investment opportunity presents a newly constructed, 3,286 square foot Raising Cane's restaurant situated on a 1.02-acre lot in Warwick, Rhode Island. The property boasts a prime location on Bald Hill Road (RI Route 2), a major retail corridor with high traffic counts exceeding 32,300 vehicles daily. This strategic location benefits from excellent visibility and accessibility, being near key intersections, I-295, I-95, and US Route 1, as well as prominent landmarks such as the Warwick Mall, Community College of Rhode Island, and TF Green International Airport. The strong demographics of the area, with over 61,900 residents within a 3-mile radius and an average household income exceeding $107,859, further solidify the investment potential. The property features a 15-year absolute NNN ground lease with a corporate guarantee from Raising Cane's, a rapidly expanding national QSR chain, commencing November 1, 2024, and expiring October 31, 2039. The lease includes five, five-year renewal options with attractive 10% rent bumps every five years, providing a hedge against inflation and significant long-term revenue growth. The 4.65% cap rate and $185,000 annual NOI make this a compelling investment with minimal management responsibilities. The property's location within a thriving retail trade area, alongside numerous national retailers and restaurants, ensures consistent customer traffic and strong financial performance. This is a rare opportunity to acquire a high-performing, low-maintenance investment property with a blue-chip tenant in a desirable location. The asking price is $3,978,495.
Value Estimations
based on Realmo’s proprietary methodology
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Warwick
- County
- Kent
- State
- Rhode Island
- Longitude
- -71.4797
- Latitude
- 41.7279
- CBSA code
- 39300
- CBSA name
- PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,623
$63,600
$404,500
$468,100
-
$0.00
$0.00
$0.00
