$1,800,000
1484 Mineral Avenue
North Providence, RI 02904
About This Home
High-performing, single-tenant NNN retail investment in a dominant Mineral Springs Avenue retail corridor. This freestanding 2,410 SF asset sits on 0.29 acres with dedicated parking and drive-thru, delivering strong long-term retail functionality and consistent consumer traffic. Tenant has successfully operated at this location since 2005 with approximately seven (7) years remaining on a triple net lease, providing secure, predictable income with minimal landlord responsibilities. Located in a dense trade area with traffic counts exceeding 22,000 vehicles per day and strong national retail synergy. Offered at a 5.25% cap rate with solid in-place NOI. Fee simple ownership (land and building). Ideal for 1031 exchange buyers and investors seeking durable cash flow, proven tenancy, and long-term stability in a supply-constrained Rhode Island market.
Property Details
Location
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MLS # 1405287