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Courier Court 7440-7456 Post Rd 9,780 SF 100% Leased Retail Building North Kingstown, RI 02852 $3,096,750 CAD ($316.64 CAD/SF) 4.22% Cap Rate
Investment Highlights
- Prime Location near Quonset, Wickford & Highways
- Multi Buiding Strip Mall/Plaza
- High Visibility w/Heavy Daily Car Count
Executive Summary
Location. This Multi-Building Strip Mall/Plaza is set in a prime location with high visibility, featuring 7-8 units, just moments to Quonset, Wickford, South County, Highways and hundreds of new/existing residential dwellings. Well maintained, this property has many potential uses under its commercial PR zone including various types of Retail, QSR/Fast Food, Office and much more. Currently configured with 2 one level strip malls, a freestanding mixed use building and 50 parking spots all set on a 1.77 acre parcel. This property is connected to public sewers further enhancing future uses. All units are separately metered for electric and natural gas. The possibilities are endless with an historic zero vacancy rate and huge daily car count. Please do not visit businesses without a confirmed appointment with listing broker. Rare find.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$176,917
|
$18.09
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$176,917
|
$18.09
|
| Taxes |
$17,263
|
$1.77
|
| Operating Expenses |
$29,063
|
$2.97
|
| Total Expenses |
$46,326
|
$4.74
|
| Net Operating Income |
$130,591
|
$13.35
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $176,917 |
| Annual Per SF | $18.09 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $176,917 |
| Annual Per SF | $18.09 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,263 |
| Annual Per SF | $1.77 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,063 |
| Annual Per SF | $2.97 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $46,326 |
| Annual Per SF | $4.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $130,591 |
| Annual Per SF | $13.35 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,780 SF
Building Class
C
Year Built/Renovated
1970/2020
Price
$3,096,750 CAD
Price Per SF
$316.64 CAD
Cap Rate
4.22%
NOI
$130,591 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
1.77 AC
Zoning
PR - Post Road Commercial Zoning
Parking
50 Spaces (5.11 Spaces per 1,000 SF Leased)
Frontage
211’ on Post Road
Amenities
- 24 Hour Access
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Tenant Controlled HVAC
- Storage Space
- Monument Signage
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 51
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Courier Court | 7440-7456 Post Rd
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