Se Connecter/S’inscrire
Votre courriel a été envoyé.
417 Smithfield Ave
Providence, RI 02904
Commerce de détail Propriété À vendre
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Long-term absolute net lease with zero landlord responsibilities
- Two 10-year renewal options create exceptional long-term stability
- Signalized hard corner location in close proximity to many multifamily residences, providing the ideal customer base
- 2 percent annual increases provide a strong hedge against inflation and natural annual appreciation in value
- Strong traffic counts, with more than 17,000 VPD passing the site
- Exceptionally strong tenant with 30+ years of experience in the laundromat business and 90+ laundromat locations currently in operation
Résumé de l'annonce
Marcus & Millichap is pleased to exclusively present for sale the Laundromax at 417
Smithfield Avenue in Providence, RI. The property consists of a 4,202 SF building and
adjacent parking lot on a little over half an acre. This is a sale-leaseback opportunity with an
established operator who has more than 30 years of experience in the laundromat business
and more than 90 laundromat locations currently in operation. Upon closing, the tenant
will sign a 20-year absolute net lease, which includes 2% annual escalations and (2) 10-year
tenant options.
The building sits on a well-positioned retail parcel in a densely populated neighborhood
corridor, benefiting from excellent visibility, multiple access points, and strong traffic counts.
Surrounded by multifamily housing, workforce communities, and neighborhood retail, the
property serves a large daily population that relies on high-capacity laundry services. There
are more than 400,000 residents within a five-mile radius of the site, creating a durable and
recurring customer base that supports consistent tenant performance.
This offering provides investors with the security of a long-term lease, stable cash flow
backed by an established operator, and ownership of a recently upgraded retail asset in the
most populous city in the state. The combination of essential-services tenancy, favorable real
estate fundamentals, and long-term passive income positions this property as an attractive
opportunity for both private and institutional net-lease investors.
Smithfield Avenue in Providence, RI. The property consists of a 4,202 SF building and
adjacent parking lot on a little over half an acre. This is a sale-leaseback opportunity with an
established operator who has more than 30 years of experience in the laundromat business
and more than 90 laundromat locations currently in operation. Upon closing, the tenant
will sign a 20-year absolute net lease, which includes 2% annual escalations and (2) 10-year
tenant options.
The building sits on a well-positioned retail parcel in a densely populated neighborhood
corridor, benefiting from excellent visibility, multiple access points, and strong traffic counts.
Surrounded by multifamily housing, workforce communities, and neighborhood retail, the
property serves a large daily population that relies on high-capacity laundry services. There
are more than 400,000 residents within a five-mile radius of the site, creating a durable and
recurring customer base that supports consistent tenant performance.
This offering provides investors with the security of a long-term lease, stable cash flow
backed by an established operator, and ownership of a recently upgraded retail asset in the
most populous city in the state. The combination of essential-services tenancy, favorable real
estate fundamentals, and long-term passive income positions this property as an attractive
opportunity for both private and institutional net-lease investors.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Cession-bail
Type de propriété
Commerce de détail
Sous-type de propriété
Taille du bâtiment
4 202 pi²
Classe d’immeuble
C
Année de construction/rénovation
1998/2024
Prix
2 577 561 $ CAD
Prix par pi²
613,41 $ CAD
Taux de capitalisation
6,80%
Revenu net d’exploitation
175 257 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,18
Taille du lot
0,55 AC
Stationnement
30 places (7,14 places par 1 000 pi² loué)
Façade
114’ sur Smithfield Ave
Impôts fonciers
| Numéro de lot | PROV-010074-000000-000000 | Évaluation des bâtiments | 728 084 $ CAD |
| Évaluation du terrain | 451 560 $ CAD | Évaluation totale | 1 179 644 $ CAD |
Impôts fonciers
Numéro de lot
PROV-010074-000000-000000
Évaluation du terrain
451 560 $ CAD
Évaluation des bâtiments
728 084 $ CAD
Évaluation totale
1 179 644 $ CAD
1 de 5
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
