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290 Branch Ave
Providence, RI 02904 Charles

$5,170,833 USD

Medical For Sale  •  8,500 SF

Property Details

  • Property Type Medical
  • Total Building Size 8,500 SF
  • Lot Size 0.97 AC
  • Building Class C
  • Year Built 2009
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning M1
49 Transit Score
80 Walk Score

Highlights

Corporately guaranteed by Concentra Health Services, Inc. (NYSE: CON).
Concentra is the nation’s leader in occupational medicine and premier provider of urgent care services with 550+ locations in 41 states.
15+ year operating history at the site, paired with a recent 10-year extension, suggests Concentra is dedicated to this location.
Long-term 10-year Triple Net (NNN) Lease with attractive 2% annual increases and minimal landlord responsibilities.
Trophy location in downtown Providence, RI, with 221,557 residents within a 3-mile radius of the property.
Excellent visibility along Branch Ave and close proximity to I-95, which sees 142,000 vehicles per day.
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Concentra 8,500 SF 6/30/2035

Public Transportation

Commuter RailDriveWalkDistance
Providence (Providence/Stoughton Line - Massachusetts Bay Transportation Authority Commuter Rail (Purple Line)) 4 min - 1.7 mi
Pawtucket/Central Falls (Foxboro Event Service - MBTA, Providence/Stoughton Line - MBTA) 5 min - 3.2 mi
AirportDriveWalkDistance
Rhode Island Tf Green International 20 min - 10.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
John Mansour 512-543-4828 Sands Investment Group Austin, LLC
John Mansour 512-543-4828 Sands Investment Group Austin, LLC