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480 Atwood Ave
Cranston, RI 02920
FAMILY DOLLAR · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Providence MSA – With nearly 83,000 residents, Cranston is the second largest city in the state of Rhode Island
  • New Roof – The roof of this location was just replaced in October of 2023 and will carry a 15 year warranty
  • Net Lease – This lease requires minimal landlord responsibilities, ideal for an investor looking for a passive and secure stream of income
  • Strong Investment Grade Credit Tenant – This is a corporate-backed lease with an S&P investment credit rating of BBB and Moody’s Baa2
  • Long Term Lease – There are ±5.5 years remaining on the initial 10 year term
  • Nearby National Tenants – Along with a strong mix of local and regional businesses, some nearby national tenants

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
8,400 SF
Building Class
C
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.88 AC
Zoning
C5
Parking
30 Spaces (3.57 Spaces per 1,000 SF Leased)
Frontage
206’ on Atwood Ave

AMENITIES

  • Bus Line
  • Property Manager on Site
  • Pylon Sign
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
CRAN-000012-000003-002128
Land Assessment
$309,900
Improvements Assessment
$573,100
Total Assessment
$883,000
  • Listing ID: 29842013

  • Date on Market: 10/20/2023

  • Last Updated:

  • Address: 480 Atwood Ave, Cranston, RI 02920

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