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306 Broad St 6,204 SF 100% Leased Retail Building Central Falls, RI 02863 $810,000 ($130.56/SF)
Investment Highlights
- Current NOI $56,684 = 7% Cap
- Sufficient on-site parking
- Triple Net Lease
Executive Summary
For Sale: fully leased 5,144 SF retail strip center with On-The-Go
Laundromat and Fiesta Tex-Mex restaurant. The laundromat was
recently updated with new flooring, lighting, interior paint, HVAC &
duct work. In addition, the restaurant space was recently renovated
and is in like-new condition. On-The-Go Laundromat leases the
entire building and sub-leases to the restaurant. There are 7 years
and 10 months remaining on the 10-year lease and parking for 10
cars.
Laundromat and Fiesta Tex-Mex restaurant. The laundromat was
recently updated with new flooring, lighting, interior paint, HVAC &
duct work. In addition, the restaurant space was recently renovated
and is in like-new condition. On-The-Go Laundromat leases the
entire building and sub-leases to the restaurant. There are 7 years
and 10 months remaining on the 10-year lease and parking for 10
cars.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,204 SF
Building Class
C
Year Built
1920
Price
$810,000
Price Per SF
$130.56
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.97
Lot Size
0.15 AC
Zoning
C-1 - Commercial
Parking
12 Spaces (2.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Property Manager on Site
- Signage
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | CENT-000005-000000-000002 | Improvements Assessment | $376,300 |
| Land Assessment | $119,200 | Total Assessment | $495,500 |
Property Taxes
Parcel Number
CENT-000005-000000-000002
Land Assessment
$119,200
Improvements Assessment
$376,300
Total Assessment
$495,500
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306 Broad St
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