2720 Post RdWarwick, RI 02886

This exceptional investment opportunity presents a 7,932-square-foot AutoZone retail property in Warwick, Rhode Island. Located at 2720 Post Rd, this Class A, single-tenant building boasts a 100% occupancy rate with a long-term lease to AutoZone (investment grade tenant) extending until July 1, 2038, with two, five-year renewal options. The property sits on a 1.3-acre lot and features a ground lease ownership structure. The asking price is $1,600,000, representing a 5.75% cap rate and a price per square foot of $201.71. The property underwent renovations in 2005 and benefits from built-in rent bumps. The net operating income (NOI) is $92,000 annually. The property is zoned GB and is situated in a densely populated area with high average household incomes. This stabilized investment offers significant long-term value and minimal landlord responsibilities due to its absolute NNN lease structure. The current rent is below market value, presenting an opportunity for future rental growth. This is a compelling 1031 exchange opportunity.