Heart & Paw Animal Hospital | 7 YR Lease | 288 Market St
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Heart & Paw Animal Hospital | 7 YR Lease 288 Market St
14,500 SF 100% Leased Retail Building Warren, RI 02885 $1,548,387 ($107/SF) 7.75% Cap Rate
Investment Highlights
- Practice Acquired by Large, National Veterinary Operator: Heart + Paw, known for its strong performance, acquired the practice in August 2021.
- Easy Access to Surrounding Markets: Conveniently accessible via major roads and highways, including Route 195, which sees over ±50,000 VPD
- Located just a short distance from the historic downtown area, known for its charming shops, restaurants, and cultural attractions
- Approximately ±7 years remaining on the initial lease term with two, 5-year option periods to extend, offering a stable, long-term investment
- The property serves a population of over ±77,319 residents within a 5-mile radius, with an average income exceeding $147,355
- Heart + Paw is recognized for its successful operations and strong financial performance, backed by Waud Capital Partners
Executive Summary
Broker of Record
Brian Brockman
License No. REB.0018881 (RI)
(866) 899-0550
Bang Realty- New England, Inc.
2939 Vernon Place,
Cincinnati, OH 45219
Brian Brockman
License No. REB.0018881 (RI)
(866) 899-0550
Bang Realty- New England, Inc.
2939 Vernon Place,
Cincinnati, OH 45219
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,500 SF
Building Class
C
Year Built
1960
Price
$1,548,387
Price Per SF
$107
Cap Rate
7.75%
NOI
$120,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.74 AC
PROPERTY TAXES
| Parcel Number | WARR-000021-000000-000112 | Improvements Assessment | $1,045,500 |
| Land Assessment | $163,500 | Total Assessment | $1,209,000 |
PROPERTY TAXES
Parcel Number
WARR-000021-000000-000112
Land Assessment
$163,500
Improvements Assessment
$1,045,500
Total Assessment
$1,209,000
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Heart & Paw Animal Hospital | 7 YR Lease | 288 Market St
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