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Pad Site Available 1455 Oaklawn Ave 4,200 SF of Retail Space Available in Cranston, RI 02920
HIGHLIGHTS
- Within a 5 mile radius the average household income is $88,719 with a population of 200,000.
- Daytime employee count of 60,453 within a 3 mile radius.
- Large parking lot with over 70 parking spaces.
- Oaklawn Ave has an average of 19,430 vehicles per day.
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,200 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | Negotiable |
1st Floor
Great signage seen from miles away
- Fully Built-Out as a Restaurant or Café Space
- Space is an outparcel at this property
- Kitchen
- Prime main road exposure!
- Direct frontage on busy Oaklawn Ave
- Ample Parking
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
PROPERTY FACTS
| Total Space Available | 4,200 SF | Gross Leasable Area | 4,200 SF |
| Property Type | Retail | Year Built | 1980 |
| Property Subtype | Restaurant | Parking Ratio | 15.87/1,000 SF |
| Total Space Available | 4,200 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,200 SF |
| Year Built | 1980 |
| Parking Ratio | 15.87/1,000 SF |
ABOUT THE PROPERTY
Welcome to 1455 Oaklawn Ave, a restaurant building situated by the busy junction of routes 2 and 5. This 4,200 square foot retail building occupies a prime location within an established retail corridor, positioned on a signalized corner offering excellent exposure with a pylon sign available. This property is easily accessible from Interstate 295 and 95, both less than a mile away. The property is as an outparcel of the Marshall’s Plaza shopping center, which features tenants such as Marshalls, Bob’s Stores, and Dollar Tree. Directly behind Marshall’s Plaza, CarMax and W.B. Mason add to the area's commercial activity. Additionally, the Warwick Mall is less than a half mile away with major retailers like Target, Macy's, Nordstrom, and various other national brands. Clock Tower Square strip mall, just a block away, further enhances the locations appeal, anchored by Sherwin Williams and Blue Sky Spaworks. Other notable businesses in the area include The Surgery Center of Rhode Island and Knight Community College, both in close proximity to the property. The area's growth is evident with recent developments, including the delivery of over 20,000 square feet of new retail space across Oaklawn Ave in 2021, as well as the ongoing construction of a Speedy Wash adjacent. Ready for occupancy, this property presents a great opportunity for businesses seeking a high-traffic location in a busy commercial hub.
- Bus Line
- Pylon Sign
- Signage
- Signalized Intersection
DEMOGRAPHICS
Demographics
NEARBY MAJOR RETAILERS
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Pad Site Available | 1455 Oaklawn Ave
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