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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

Retail Space Rhode Island Warren 288 Market St, Warren, RI 02885

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

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
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
Land Acres
0.74 AC

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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
(513) 300-0763

  • Listing ID: 32792504

  • Date on Market: 8/14/2024

  • Last Updated:

  • Address: 288 Market St, Warren, RI 02885

More public record information on 288 Market St, Warren, RI 02885

The Retail Property at 288 Market St, Warren, RI 02885 is currently available For Sale. Contact Bang Realty for more information.

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Heart & Paw Animal Hospital | 7 YR Lease | 288 Market St
(513) 300-0763 x

Heart & Paw Animal Hospital | 7 YR Lease | 288 Market St

Brian Brockman

(513) 300-0763

(513) 300-0763

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