Description
This investment opportunity consists of 7 neighboring retail buildings totaling 35,000 sq ft situated on 3.2 acres. The portfolio is 98% occupied and is leased to a mix of 22 national and local tenants, the majority of which have 3% annual increases. Major tenants include Starz Bar & Grill, Gingerbread House, High Stakes & Carl Anthony Tuxedo. Other tenants include A & J Bakery, Dippin Dots, China Wok, Florentine Florist, White Lights Books, Perfect Nails, Akido and others. This shopping center has historically high occupancy rate due to its 150 parking spaces and convenient location on Route 12. Priced well below replacement cost at $117 psf, this is an excellent opportunity for an investor to acquire a well maintained, well positioned shopping center with a proven success record. Cranston is the third largest city in the state of Rhode Island with a population of over 80,000. It has more rural areas on the western side of the city and a shoreline on beautiful Narragansett Bay to the east.





*** Please visit www.exp1031.com to view the full marketing flyer for this property. ***





*** Please visit www.exp1031.com to view the full marketing flyer for this property. ***