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Portsmouth Plaza 3001 E Main Rd

27,952 SF 95% Leased Retail Building Portsmouth, RI 02871 $7,000,000 ($250/SF)

Investment Highlights

  • Heavy Traffic
  • Long Term Tenants

Executive Summary

Rare investment opportunity in Portsmouth, RI: A thriving commercial shopping plaza featuring 18 retail units,1 storage unit, with only one vacancy. This high-traffic location boasts a diverse tenant mix, including renowned brands like Dunkin' Donuts, H&R Block, and Edward Jones, alongside local favorites such as a liquor store, physical therapy practice, and multiple food establishments. All tenants operate under triple net leases, ensuring stable, low-maintenance income for the investor. With its prime location and strong occupancy rate, this plaza offers a rare chance to acquire a well-established commercial property in a bustling area. Don't miss this infrequent opportunity to add a lucrative, multi-tenant asset to your portfolio.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
27,952 SF
Building Class
B
Year Built
1990
Price
$7,000,000
Price Per SF
$250
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Land Acres
3.05 AC
Zoning
C
Parking
162 Spaces (5.8 Spaces per 1,000 SF Leased)
Frontage
357 FT on East Main Rd

Amenities

  • Bus Line
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Retailer
  • 2,340 SF
  • -
  • Triple Net
  • -

A wine shop located on Aquidneck Island, Allen’s Wine & Spirits has prided itself on low prices, great product selection, and an above-average shopping experience for over 25 years. It is their goal to make you feel welcome in their store and they will treat you with respect. They are your total wine and spirits solution. Serving Newport RI, Middletown RI, and Portsmouth RI. Their employees, for instance are trained in a variety of areas and will help you find exactly what you are looking for as soon as you enter the store. They can plan your party, wedding, or provision your boat. They are your total wine and spirits solution.

  • Connections Physical Therapy-portsmouth
  • Health Care and Social Assistance
  • 1,140 SF
  • -
  • -
  • -
  • Retailer
  • 2,000 SF
  • -
  • Triple Net
  • -

Dunkin’, founded in 1950, is the largest coffee and donuts brand in the United States, with many restaurants in many global markets. Dunkin’ is part of the Inspire Brands family of restaurants. With America’s favorite coffee, innovative beverage strategies, and mouth-watering snacks, Dunkin’ has become the brand everyone knows nationally and loves locally.

  • Educational Services
  • 2,260 SF
  • -
  • Triple Net
  • -

The owner of East Bay Martial Arts Inc remembers when she was a child, feeling uncertainty about beginning martial arts. She wondered if she had what it took to succeed and she wasn’t the most athletic or confident child - quite the opposite. Little did I know that beginning my martial arts journey would be one of the most profound experiences of my life! When she opened her school in 1997, I made a commitment to serving and empowering the community of Portsmouth by teaching children and adults the confidence, leadership, and fitness skills that can only be achieved through martial arts.

  • Eirich Electric
  • -
  • 2,472 SF
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • 1,650 SF
  • -
  • Triple Net
  • -

Since 1955, H&R Block has prepared hundreds of millions of tax returns worldwide. With years of experience, their tax pros can handle the full spectrum of tax situations. And that’s not all. Their Tax Institute at H&R Block is among the first to analyze and understand the latest tax laws. Meaning no one is more qualified to get taxpayers every dollar and deduction they deserve. In 1955, H&R Block was founded with the understanding that taxes are more than just numbers on a page — they have a real impact on people’s lives. This founding principle helps guide them today, as they continue to transform the industry. At a time when taxpayers were left to navigate the complexities of filing on their own, their founding brothers, Henry and Richard Bloch, offered tax prep guidance. This innovative service marked the beginning of the tax preparation industry, setting the foundation for their company values: putting people and their refunds first.

  • Retailer
  • 1,185 SF
  • -
  • Triple Net
  • -

A family owned business, Irving’s Shoe Store has been servicing the greater Portsmouth area for three generations!

  • Kelly Ann Dance Center
  • -
  • 1,200 SF
  • -
  • -
  • -
  • Retailer
  • 1,439 SF
  • -
  • Triple Net
  • -

Their goal for MAMASBOYMUSICRI.COM is to provide an accurate representation of our products and services and to encourage new customers to visit our store, which is on Aquidneck Island (Portsmouth, Middletown, and Newport).

  • Pet Wants/ Bark Island
  • -
  • 1,370 SF
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Retailer 2,340 SF - Triple Net -
Connections Physical Therapy-portsmouth Health Care and Social Assistance 1,140 SF - - -
Retailer 2,000 SF - Triple Net -
Educational Services 2,260 SF - Triple Net -
Eirich Electric - 2,472 SF - - -
Professional, Scientific, and Technical Services 1,650 SF - Triple Net -
Retailer 1,185 SF - Triple Net -
Kelly Ann Dance Center - 1,200 SF - - -
Retailer 1,439 SF - Triple Net -
Pet Wants/ Bark Island - 1,370 SF - - -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 10
  • 1,560 SF
  • Retail
  • In-Line
  • Now

Welcome to the Portsmouth Plaza on East Main Road. This highly visible complex has a variety of great tenants including a dance studio, physical therapist, liquor store, Dunkin Donuts and a karate studio. This in-line unit has excellent visibility facing high traffic East Main Road and is perfect for a retail store or professional offices. Reasons we love this plaza: It’s where Portsmouth residence goes for the supplies or services they need! It’s conveniently located on East Main Road which makes it an easy option for commuters & it has a great variety of neighboring tenants!

Space Size Space Use Position Available
10 1,560 SF Retail In-Line Now

10

Size
1,560 SF
Space Use
Retail
Position
In-Line
Available
Now

10

Size 1,560 SF
Space Use Retail
Position In-Line
Available Now

Welcome to the Portsmouth Plaza on East Main Road. This highly visible complex has a variety of great tenants including a dance studio, physical therapist, liquor store, Dunkin Donuts and a karate studio. This in-line unit has excellent visibility facing high traffic East Main Road and is perfect for a retail store or professional offices. Reasons we love this plaza: It’s where Portsmouth residence goes for the supplies or services they need! It’s conveniently located on East Main Road which makes it an easy option for commuters & it has a great variety of neighboring tenants!

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
PORT-000031-000000-000075
Land Assessment
$734,300
Improvements Assessment
$1,434,200
Total Assessment
$2,168,500
  • Listing ID: 33511857

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 3001 E Main Rd, Portsmouth, RI 02871

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