480 Atwood Ave | Cranston, RI 02920
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- LoopNet Team
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 and is located just outside of the hea
- New Roof – The roof of this location was just replaced in October of 2023 and will carry a 15 year warranty.
- Long Term Lease – There are ±4 years remaining on the initial 10 year term.
- Strong Investment Grade Credit Tenant – This is a corporate-backed lease with an S&P investment credit rating of BBB and Moody’s Baa2. D
- Limited Responsibilities – Under the lease, unlike many other Family Dollar/ Dollar Tree leases. Family Dollar is required to maintain and replace the
- Net Lease – This lease requires minimal landlord responsibilities, ideal for an investor looking for a passive and secure stream of income.
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
| Parcel Number | CRAN-000012-000003-002128 | Improvements Assessment | $573,100 |
| Land Assessment | $309,900 | Total Assessment | $883,000 |
PROPERTY TAXES
Parcel Number
CRAN-000012-000003-002128
Land Assessment
$309,900
Improvements Assessment
$573,100
Total Assessment
$883,000
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