59 Providence PlProvidence, RI 02903

Property Details for 59 Providence Pl

Property type

Other commercial real estate

Property subtype

Investment properties

Description

This exceptional investment opportunity presents a thriving Johnny Rockets franchise located within the bustling Providence Place Mall in Providence, Rhode Island. The Class A, single-unit business is offered at an asking price of $350,000, boasting a remarkable 42.86% capitalization rate and a Net Operating Income (NOI) of $150,000. This turnkey operation is situated at 59 Providence Pl, 02903, in a high-traffic area of the mall, ensuring consistent customer flow and revenue generation. The established business benefits from the strong brand recognition and proven success of the Johnny Rockets franchise, minimizing operational risks and maximizing return on investment. This presents a rare chance to acquire a well-established, profitable business in a prime commercial location. The property's address is easily accessible and benefits from the high foot traffic associated with the mall. This is a truly exceptional opportunity for investors seeking a strong, stable, and high-yielding investment in a desirable market. Detailed financial information is available upon request. Don't miss this chance to own a piece of a successful, well-known brand in a prime Rhode Island location.

Location Insight

City

Providence

County

Providence

State

Rhode Island

Latitude

41.8272

Longitude

-71.4165

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