721 Reservoir AveCranston, RI 02910

This exceptional investment opportunity presents the fee simple interest in a 10,900 square foot Firestone Auto Care center in Cranston, Rhode Island. Located on Reservoir Avenue, this property boasts a newly signed 10-year lease with six 5-year options, featuring 10% rental increases every five years, ensuring strong future returns. The lease is a modified NNN structure with a corporate guarantee from Bridgestone Retail Operations, LLC, minimizing landlord responsibilities. The property sits on a 0.74-acre lot with 26 parking spaces and benefits from high visibility and convenient access to major roadways, including State Highway 10 and Interstate 95. The strong tenant, Firestone, is a nationally recognized brand with a proven track record, situated within a dense retail corridor anchored by other major retailers like CVS, Bank of America, and Lowe's. The surrounding area features a substantial residential population and a high average household income, providing a robust customer base. The property's current NOI is $204,000, yielding a 5.65% cap rate. The asking price is $3,611,000. This is a low-management, high-return investment opportunity with significant long-term growth potential. The property is zoned C4 and has an APN of CRAN M:9-5 L:3092 U. The lease commenced June 1st, 2024, and expires June 1st, 2034.