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2320-2352 Mendon Rd 21,000 SF 100% Leased Retail Building Cumberland, RI 02864 $2,260,000 ($107.62/SF) 9.36% Cap Rate
INVESTMENT HIGHLIGHTS
- 21,000 +\- SF mixed-use property
- 2.61-acre parcel that offers a significant value-add component: also a possible additional 7,000 +/- SF retail development opportunity
- High-visibility Route 122
EXECUTIVE SUMMARY
Core Investment Opportunity! Acquire this a highly stabilized 21,000 +\- SF mixed-use property located in the Cumberland, Rhode Island market.? This asset delivers an exceptional Cap Rate and is positioned on high-visibility Route 122, benefiting from a high traffic count and C-1 zoning.? The property features a proven revenue model with a balanced unit mix (8 commercial, 8 residential), tenant-direct utility payments, and additional income streams via a solar array.? Recent comprehensive capital investments (2015-2025, including roof and parking lot upgrades) mitigate near-term CapEx exposure.? Furthermore, the 2.61-acre parcel offers a significant value-add component: a possible 7,000 +/- SF retail development opportunity on the adjacent pad, providing a clear mechanism for substantial future Net Operating Income growth.? This acquisition represents a unique convergence of stable cash flow, minimal capital risk, and exponential development potential.? Interested/qualified parties will have the opportunity to obtain additional information upon request.?
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,000 SF
Building Class
C
Year Built/Renovated
1950/2020
Price
$2,260,000
Price Per SF
$107.62
Cap Rate
9.36%
NOI
$211,599
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
0.18
Lot Size
2.61 AC
Zoning
C-1 - Commercial
Parking
65 Spaces (3.1 Spaces per 1,000 SF Leased)
Frontage
200’ on Mendon Rd
AMENITIES
- Property Manager on Site
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- American Nationwide Mortgage Co
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| American Nationwide Mortgage Co | Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,260,300 (2025) | |
| Land Assessment | $363,800 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $896,500 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$363,800 (2025)
Improvements Assessment
$896,500 (2025)
Total Assessment
$1,260,300 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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2320-2352 Mendon Rd
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